Risk Maturity Model (RMM)
The risk maturity model is a framework for enterprise risk management. RMM Risk Management Assessment, which has emerged as an umbrella framework of international standards, allows organizations to measure the alignment of their risk management practices with the best practices. As a result, organizations are given maturity scores and practical guidelines to improve their programs and gain the many benefits that depend on maturity. Risk management maturity model is an excellent way for organizations to understand their current state and compare it with the situation they want to be in. The more mature the risk management system, the more effective it will be in enabling better decisions, taking the right risks, and achieving better outcomes for the organization. Describing maturity-based risk management capabilities - rather than labeling the current risk management situation ineffective - is less frustrating for leaders.
