Page 81 - IRMSA Risk Report 2020

WHAT WERE THE AT TITUDES T O THE M ANA GEMENT OF
RISK ?

Many stories related to risks not being adequately considered, even when it could have been used to protect value.
Those stories that related to creating value, suggested a strong focus in the organisation on the management of risk.
Stories drawn from the recent past (the last year) suggest a growing use of risk management to create value – suggesting
some increase in risk maturity over the last 5 years.

USE OF RISK M ANA GEMENT RISK M ANA GEMENT M ATURIT Y O VER TIME

IGNORE < -----RISK----- > OBSESS ABOUT CREATE V AL UE FR OM RISJ

PR O TEC T < -----V AL UE----- > CREATE Y EARS A GO

RISK MANAGEMENT MATURITY LANDSCAPE

RISKS SHOULD BE...

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