Abstract:

This article presents the interim results of ongoing research in the field of risk management maturity models. Mainly it presents the self-assessment tool which is based on synthesis of existing maturity models. The weights for attributes in such a model allow the tailoring of the model to specific company and industry. This topic is elaborated in paper together with usage of Likert scales as part of Delphi method to validate the tool. Firstly, analysis of existing models is presented, then synthesis of the new tailored model is done. More than 77 maturity models exist up to date varying in approach, professionality and recommended use. Based on the current consensus models shouldn’t be used as one-fits-all and should be tailored for each industry or even company. This research follows this recommendation and presents a self-assessment tool to be part of such a model. The tailoring is done by selecting the attributes and assigning the weights. Based on the search options defined and literature use some models might be unintentionally omitted. The tool has to be yet tested for its validity. As risk management is complex and problematic, maturity models provides companies with ability to assess and diagnose their situation and set strategic goals in the field of risk management. Tailored maturity model can be used as first indicator of company risk maturity.