BOSTON, Aug. 16, 2016 /PRNewswire/ -- LogicManager and RIMS will be evaluating the results of organizational Risk Maturity Model (RMM) assessments for the 2016 Risk Maturity Model (RMM) Recognition Program. The opportunity to qualify for the annual distinction – that highlights enterprise risk management (ERM) leaders and recognizes sustainable ERM practices – is open to organizations that have taken the RIMS Risk Maturity Model assessment during 2016. The recognition is presented by the authors of the RMM, LogicManager and RIMS, the risk management society™. Recipients will be announced at the RIMS ERM Conference in Atlanta, October 24 to 25.
Recipients will join an elite group of ERM leaders across industries and geographies. Last year's 16 winners included: Lego System A/S, Lockheed Martin Corporate, Peoples Bancorp Inc. and more.
To be considered, organizations must take the free RMM assessment before September 9, 2016; any assessments completed earlier in 2016 will be considered.
"Risk management is a journey that never ends," said Steven Minsky, Chief Executive Officer of LogicManager. "The best risk managers are often unsung heroes of our organizations, constantly assessing and improving their practices to avoid unexpected problems and uncover potential opportunities. The RMM Recognition calls out these contributions and gives enterprise risk management the visibility it deserves."
"Developing a successful ERM program is more than just checking a box; it's an ongoing commitment," said Carol Fox, Vice President of Strategic Initiatives at RIMS, "The RMM Recognition is a way of recognizing those risk leaders and organizations that have demonstrated a commitment to proactive risk management practices. The winners represent those that are not only advancing enterprise risk management within their own organizations, but also moving the profession forward as a whole."
The RMM Recognition is given to organizations achieving high levels of risk maturity. Over the past 10 years, thousands of organizations have used the model as a tool to assess and improve their risk management programs, ultimately driving results for their businesses. In fact, a study published in the Journal of Risk and Insurance found that organizations that achieve higher levels of ERM maturity, as defined by the RIMS Risk Maturity Model, can experience a cumulative growth of 25 percent to their firm's value.
LogicManager is a leading provider of enterprise risk management software by virtue of its top-rated customer support and easy-to-use SaaS platform. LogicManager's solutions have helped thousands of organizations Manage Tomorrow's Surprises Today® with patent-pending Taxonomy technology and out-of-the-box content and templates. LogicManager's ERM software and support enable businesses to connect traditional risk, governance and compliance activities to common root cause risks, and relate them to strategic goals through advanced reporting and analytics. For more information about LogicManager, visit http://www.logicmanager.com.
As the preeminent organization dedicated to advancing the practice of risk management, RIMS, the Risk Management Society™, is a global not-for-profit organization representing more than 3,500 industrial, service, nonprofit, charitable and government entities throughout the world. Founded in 1950, RIMS brings networking, professional development and education opportunities to its membership of more than 11,000 risk management professionals located in more than 60 countries. For more information on RIMS, visit www.RIMS.org.