137. The common misconception about risk maturity – Alex Sidorenko

Alex Sidorenko from RISK-ACADEMY talks about risk management maturity and why most risk managers got the concept of maturity totally wrong.

The next level of maturity is not a more comprehensive risk register, better risk report or a more detailed risk appetite statement. The next level of maturity is not to have any of those things. Most modern day risk managers don’t get this.

At RISK-ACADEMY we have compiled free videos of lectures, seminars and interviews with Russian risk managers, as well as free templates and examples of the tools required for the implementation of elements of risk management in the organization of small and medium-sized businesses.

 

One thought on “137. The common misconception about risk maturity – Alex Sidorenko

  1. Risk maturity should be about developing the robustness, predictability and cost-efficiency of risk management processes towards the particular value proposition for risk management in one’s organization. Unfortunately, in my experience anyway, for some CROs, the purpose of risk management concerns the process, ticking elements off against the RM catechism (registers, inherent/residual/target risk, appetite, KRIs, etc, etc), rather than what risk management can deliver to support improved performance.

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