The ERM Framework can be devided into Risk Governance, Risk Assessment, Risk Quantification and Aggregation, Risk Monitoring and Reporting as well as Risk and Control Optimization. These elements can be looked at at the three levels basic, mature and advanced. KPMG's approach includes four steps, namely plan assessment, assess current state risk profile, define target state and implementation road map and assess current state risk management process. Our approach bears a helping hand to understand gaps in current risk management, to identify value opportunities, to improve in business efficiency, to embed risk management and finally to understand the level of maturity.
