The Requirements Of Risk Management - 1737 Words

Level 1: Ad Hoc is basic level, which the organizations do not realize the requirement of risk management, and has no systematic solution to deal with the risk. At this level, the project always deal the risk after it happened, which lead to weak situation in conducting the project. Level 2: Initial. At this level, the organization can use rudimentary manner to manage risk. However, even aware of the need of risk management, there is still lack of the capability of implement. Level 3: Defined. This is a demarcate level, and organization can utility formalized and systematic structure RM system to manage and train the employee and manager who need master the skill of their responsibility in company-wide. Additionally, the method to†¦show more content†¦Figure 3. CoPS-RM-CMM Architecture Apart from these factors, key capability can be classified into â€Å"Security† and â€Å"Robustness†. Level 1- level 3 belongs to Security which relates to main capability areas of technology and process. While, Robustness reveal to people and organization and level 4 and level 5 should be involved in. However, Security achieves in level 3 and in level 4 there is a part of capability arrive Robustness situation. Following figure 4 shows the relatively capability can affect the security and robustness. Figure 4. Robustness, security and key capability areas 3.3 Application of CoPS-RM-CMM From the above information, the way to suit robustness and security is moving towards the next higher level, which is meet the purpose of the model on the theory dimension. Thus, there are some suggested significant activities and strategies shown in Table 2 about transforming to next higher level. Due to the lack capability in a different level, the activities towards to the next higher level apparently differ from each other. The purpose of CoPS-RM-CMM is that providing benchmarks for organizations to advance their levels of risk management capability and assisting companies analyzing the advantage and disadvantage comparing with the relatively competitors. This aims also mentioned and proved in the other research of Ren (2014), more important, this new study implies how to measure the RM-CoPS-CMM fit for