ABMI © is a complete knowledge-base in enterprise risk management that can be used for learning interventions as well as to direct risk management efforts. There is a growing movement of businesses and organisations that are shifting their risk management frameworks in favour of the detailed and practice-focused ABMI © risk methodology. Initially launched in 2013 and with over 80 small-medium-to-large organisations either partially or fully adopting ABMI ©, their feedback is what gives us confidence that ABMI © is the future of risk management. Although ABMI © material and competency interventions have been privately provided to specific organisations in the past, from 2018 these have become widely available and distributed in the latest advanced format dubbed the ABMI Reference Library. The ABMI reference library not only defines what must be in place but goes further to describe the requisite elements and practices that underpin implementation thereof.
The ABMI © methodology is borne out of a detailed study of global practices, theory and standards but foundationally premised on unique circumstances that apply within corporate governance from an African perspective. These local practices include but are not limited to King IV, JSE listed company practice, public sector regulations and practices as well as the views of local academia, professionals and the author.
As a diagnostic and continuous improvement tool, the ABMI © methodology is a model for the assessment of risk maturity designed to promote a culture of practice rather than conformance (paper-compliance). The model assesses each organisation on 7 risk management components comprising 26 attributes, further consisting of 93 sub-attributes. Based on the response to these risk attributes, the ABMI © technology provides you (at the click of a button) with a multi-year risk improvement plan, a key tool to direct your risk management efforts in a coordinated and value-adding manner. The ABMI © framework is fully supported by a well-researched reference library which undergoes constant review through robust research and development work of the author which is licensed to the ABMI Research Institute in South Africa. Part of the research and development strategy for the future includes the participation of academia, professionals and business through contributing to research efforts per segment supported by funded research grants from the Research Institute.
We have also availed through the ABMI portal ( www.abmi.co.za) automation tools which allow you to access self-help and risk maturity assessment tools without the hassle of red-tape. We would love to share more information with you and are available to make further presentations on the ABMI © risk methodology which we hope will transform risk management and add value to your business. With ABMI © you can focus your energy on delivering business value whilst we support you with researched content, guidelines and tools.