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Representative POMs are described for Risk Coverage at each level of maturity.

2Basic

• Practice

  Establish a basic approach for identifying the critical risk categories and asset classes to be included in risk management activities.

  Outcome

  The most important risk areas are identified and managed.

  Metric

  # of risk categories and asset classes managed.

3Intermediate

• Practice

  Establish an agreed and documented approach and use it across most areas to identify the risk categories and asset classes to be included in risk management activities.

  Outcome

  The critical risk areas are jointly and consistently agreed across most areas and can be prioritized for risk management activities.

  Metric

  # of risk categories and asset classes managed.

4Advanced

• Practice

  Follow a comprehensive organization-wide approach to identify the risk categories and asset classes to be included in risk management activities.

  Outcome

  The critical risk areas are jointly and consistently agreed organization-wide and can be prioritized for risk management activities.

  Metric

  # of risk categories and asset classes managed.

5Optimized

• Practice

  Regularly review and revise the approach for identifying the risk areas to be included in risk management activities.

  Outcome

  Frequent reviews of the risk landscape ensure that the most relevant risk areas are identified for risk management activities.

  Metric

  # of risk categories and asset classes managed.