Evaluating Your Organization’s Approach to Risk Management
Downloadable Tool | Free Resource from NC State ERM Initiative
Every organization faces risk. But how effective is your organization’s current approach to identifying, assessing, and managing risk? This diagnostic tool is designed to help business leaders evaluate the maturity of their risk management processes—especially in the face of fast-evolving geopolitical, technological, and economic challenges.
Organizations increasingly recognize the value of enterprise risk management (ERM) as a strategic enabler. A well-designed ERM framework provides executives and boards with the risk insights they need to drive smarter, more informed decisions.
What This Tool Offers
This downloadable ERM tool (in PDF or Word format) includes a series of diagnostic questions that help you assess how well your organization:
- Identifies and responds to emerging risks
- Integrates risk management into strategic decision-making
- Assigns ownership and accountability for risk mitigation
- Communicates risk intelligence to the board and senior leaders
- Builds a culture that supports risk transparency and resilience
The tool centers around five core themes of effective risk management, offering a structured way to spark dialogue among leaders and guide internal improvements.
Who Should Use this ERM Tool?
Whether you’re launching an ERM program or enhancing a mature one, this tool supports a top-down, integrated approach to risk oversight that aligns with best practices in governance and strategy.
- Chief Risk Officers and risk managers
- Strategy and operations leaders
- Internal audit teams
- Board members and executive leadership
- Higher education institutions and nonprofit leaders
Related ERM Tools
To deepen your ERM capabilities, explore these additional free tools:
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Source Details
Published by: NC State ERM Initiative, Poole College of Management
Source: ERM Resource Center
Contact: erm_initiative@ncsu.edu
