Risk & Performance Management Self-Assessment
Risk & Performance Management Self-Assessment
Welcome to the Risk & Performance Management Self-Assessment. The purpose of this self-assessment is to determine the maturity of your organization in how it defines, measures, analyzes and communicates risk and performance information that supports decision-makers. The objective is to not only assess what your organization says, through policies and procedures but also what is does through its operational activities. Thank you for taking the time to complete this self-assessment.
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Intent & Commitment
The organization recognizes that to ensure ongoing effective risk & performance management, it requires strong leadership and sustained commitment from management and appropriate resources for decision-makers across the organization.
Leadership Capacity
The design, implementation, maintenance and improvement of organizational risk & performance management is supported by the necessary level of accountability, authority and competences at all levels and is enacted through business processes and day-to-day activities.
Organizational Capability
The organization understands the required capabilities across its organization - e.g. A competence based training program - to deliver the business processes and activities that embed sound risk & performance management practices in an effective and consistent manner.
Managing Change
The organization has the capacity to detect potential changes to the internal and external environments that inform the context in which it is operating and prioritize actions based on the potential impact to the organization.
Risk Profile
The organization actively manages the expectations and requirements of relevant stakeholders for all material risks through identification, defining needs and calibrating information requirements and communication channels.
Design & Measure
The design of safe, repeatable and sustainable control environments are linked to the understanding of what needs to be measured and the knowledge of who needs to act and when.
Exposure Mapping
In order to allocate capital and resources in a disciplined manner, the organization has the systems in place to detect where risk exposure and control performance are not meeting expectations.
Performance Analysis
Risk and performance information is made accessible and useful to decision makers in order to facilitate efficient interventions where known gaps exist resulting in (a) viable and effective plan(s) that stipulate response protocols and management accountabilities.
Communication & Reporting
There are systematic communication channels to build the capacity to inform decision-makers as well as external stakeholders of how risks are being managed. Management reporting is structured and standardized for comparison across the organization and can be reviewed in real-time.
Organizational Learning
Continuous improvement in risk and performance management is data-driven via structured learning activities from both successes and failures. The organization is constantly in search of new learning opportunities and ways to share its intelligence to enhance systems, capabilities and capacities elsewhere in the organization.