In its best practices report, Enterprise Risk Management: Seven Imperatives for Process Excellence, APQC presents the results of research on the need to evolve enterprise risk management (ERM) processes and practices.

As a result of its survey findings and interviews with ERM leaders known for developing select best practices, APQC finds that there are three stages of ERM process maturity that span seven best practices. The stages of maturity are:

• Establish, during which organizations define process steps and risk owners;
• Cultivate, during which ERM leaders improve the quality of risk conversations; and
• Refine, during which organizations drive sound ERM strategy and execution. Continue reading →