RISK MATURITY
ASSESSMENTS
GRCReady, provides the most comprehensive risk and governance maturity assessments available.
Use the BarnOwl GRC platform or the BarnOwl Cloud portal to assess and report on your current state of risk maturity while driving remedial action plans to elevate your risk and governance maturity to the desired state.
GRCReady’s risk maturity assessments available on the BarnOwl GRC and cloud platform include:
LIVE RISK ASESSMENTS AVAILABLE
GRCREADY FINANCIAL SERVICES OPERATIONAL RISK MANAGEMENT SYSTEM MATURITY MODEL©
STEP BY STEP APPROACH TO ASSESSING MATURITY
Through a single, intuitive online portal, organisations can conduct comprehensive self-assessments of macro and sub-processes, driving continuous improvement across their operations. Professional service providers can play a key role by independently validating client assessment evidence and supporting targeted initiatives to elevate processes to their optimal maturity levels.
This comprehensive approach ensures assessments are not just a snapshot but a catalyst for sustained growth and maturity.
COMPREHENSIVE ASSESSMENT:
Each assessment dives deep, offering a small view of the extensive criteria behind every process, ensuring a thorough and thoughtful evaluation.
LIKERT SCALE & DETAILED CRITERIA:
Assessments are scored using a 5-point Likert scale, supported by detailed criteria for each level to ensure consistency and clarity in ratings.
EVIDENCE-BASED EVALUATION:
Examples of what constitutes strong evidence are provided, guiding organisations in substantiating their maturity levels effectively.
REPORTING & VISUAL INSIGHTS:
Dynamic reporting tools and visual dashboards present assessment results clearly, highlighting strengths, gaps, and areas for improvement.
INDEPENDENT VALIDATION:
Organisations can upload supporting evidence for independent validation, enhancing credibility and providing assurance to stakeholders.
CONTINUOUS IMPROVEMENT SYSTEM:
We offer a single, integrated system that supports continuous improvement, creating annuity revenue opportunities for GRCReady and professional services firms.
DRIVING ORGANISATIONAL MATURITY
Upon completing the maturity assessment, GRCReady will deliver a comprehensive, insights-driven report. This report will showcase an aggregate view of your client’s organisational maturity across five key areas (see Fig 1) and provide detailed ratings for each survey question (see Fig 2).
More than just an assessment, it establishes a clear baseline and defines a shift-change target, visualised through a radar graph, to be achieved within 12 months.
This targeted insight will directly inform the design of a strategic project plan, outlining the precise actions, resources, and initiatives needed to accelerate your client’s organisational maturity across a number of domains and drive measurable business outcomes.
IN SUMMARY
Measuring risk maturity is crucial as it provides organisations with a comprehensive understanding of their current risk management capabilities and identifies areas for improvement.
It enables organisations to evolve from reactive approaches to proactive strategies, fostering resilience and ensuring alignment with business objectives amidst an ever-changing risk landscape.
Risk self-assessment is designed to help you evaluate your organisation’s risk maturity, identify areas where you may need to improve, and take proactive steps towards responsible risk management.
The evaluation will guide you through various aspects of risk management, from understanding your risk strategy to implementing risk management systems and processes.
Through BarnOwl’s single, intuitive online portal, organisations can conduct comprehensive self-assessments of macro and sub-processes, driving continuous improvement across their operations.
RISK ASSESSMENT PRICING
BarnOwl provides a free risk assessment for a period of one month on BarnOwl Cloud. Sign up for your free risk assessment here.
Additional risk assessment templates are available on the BarnOwl Cloud platform as well as on the BarnOwl GRC platform at a nominal fee per assessment template. Please click here for a list of risk maturity assessments available.
There is a nominal monthly / annual subscription fee to BarnOwl Cloud.
Consolidated Power BI dashboards are available at a nominal fee.
Risk consulting / interpretation of risk assessment reports and next steps is available from GRCReady on request.
RISK ASSESSMENT DOWNLOADS
BARNOWL GRCREADY RISK MATURITY ASSESSMENT OVERVIEW
