Risk Management Maturity Concept
A fundamental principle is that Risk Management Maturity Gap Analysis has to be conducted primarily as a self -evaluation exercise rather than an independently imposed process.
EPIPHANY evaluation tool is premised on this fundamental principle. There are six pillars of risk maturity evaluation, each with best practice questionnaire on the following bases:
- Philosophy
- Responsibilities
- Governance
- Integrity
- Resources and Systems
- Ethical Values
Benefits of EPIPHANY include:
- Consolidating reporting on all six pillars of Risk Maturity.
- Enabling self-assessment by key parties in Risk Management, with built-in best practice questionnaire.
- Integrating results from various respondents using laws of averages.
- Providing clear five-point scale assessment criteria.
- Enabling qualitative assessment through free commentary from key parties.
- Providing easy to read results in graphic form for each pillar, benchmarking against acceptable threshold.
- Automating tables and graphics into a Report.
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