Organizations who rely on the successful
delivery of capital assets, need to set stretch goals that can help
improve their capability and develop or maintain a competitive
advantage. Dr. D. Hillson once likened the successful application of a
maturity model to, “walking up the down escalator”. This paper will
review a high-level QRAMM or Quantitative Risk Assessment Maturity Model
that describes the full spectrum of capabilities including: reactive,
ad-hoc, centralized, mature and optimized.
The strategies and capabilities presented in this paper offer a Risk-based Kaizen approach, helping DRM practitioners identify performance gaps and develop plans for QRA capability improvement.
The strategies and capabilities presented in this paper offer a Risk-based Kaizen approach, helping DRM practitioners identify performance gaps and develop plans for QRA capability improvement.