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Risk Coverage

B2

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.