Risk Maturity Assessment Questionnaire
Introduction
The effectiveness of a company's risk management systems, in identifying and managing their principal business risks, can be assessed against the five levels of risk maturity. These are as follows.
| Risk Maturity | Key Characteristics |
|---|---|
| Risk Naive | No formal approach developed for risk management |
| Risk Aware | Scattered silo based approach to risk management |
| Risk Defined | Strategy and policies in place and communicated. Risk appetite defined |
| Risk Managed | Enterprise wide approach to risk management developed and communicated |
| Risk Enabled | Risk management and internal control fully embedded in the operations |
For a snap shot assessment of your own organisation's risk maturity, complete Grant Thornton's online Risk Maturity Assessment. The self assessment is also a useful tool for discussion around the current and planned risk processes, either internally or facilitated by one of our risk professionals.
It should take no longer than 5-10 minutes to complete.
Instructions
- The self assessment consists of 14 questions spread across six sections
- Each question has five answers according to the risk maturity of your organisation
- The questions should be answered with help from the guidance provided on each page to determine which statement for each question is most relevant
- Once all questions have been completed, an assessment of your organisation's level of risk maturity will be provided
Start Questionnaire
