Risk Coverage
Establish the breadth of risk categories and asset classes that are addressed by risk management activities.
Improvement Planning
Practices-Outcomes-Metrics (POM)
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.