Managing risk assessment and management

This capability refers to identifying and assessing risks to an organization and developing strategies to mitigate those risks. Risk management is critical for protecting an organization’s assets and reputation.

Beginner competence definition

Beginner-level individuals are able to identify potential risks and understand the basics of risk management. They can follow established procedures and work with their team to manage risk. They are also able to escalate any potential issues to the appropriate stakeholders.

Intermediate competence definition

Intermediate-level individuals are able to assess the severity of risks and develop strategies to mitigate those risks. They can implement risk management programs and monitor their effectiveness. They are also able to provide training to their team and stakeholders on risk management.

Advanced competence definition

Advanced individuals have a deep understanding of risk management and are able to develop and implement strategies to manage complex and diverse risks. They communicate effectively with stakeholders about risk management and provide guidance to senior management. They can develop strategies for continuous improvement in risk management and drive a culture of risk management within the organization. In our experience, advanced professionals apply the latest techniques and technologies to identify and mitigate risks, as well as analyze and report on risks to senior management.