An association of companies whose members
conduct benchmarking studies to identify the best practices surrounding Risk
Management that improves the overall operations of the members.
Benchmarking is the most cost effective way of introducing
best practices to your organization.
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What is Benchmarking?
Benchmarking is a collaborative learning process among
a group of companies to focus on specific operating practices, compare
measures and results and identify improved processes within their organizations.
Key Components
- Data gathering in the form of detailed surveys of measures and
processes;
- Identification of best performers; and
- Site visits to the best companies.
Benchmarking Looks at Best Practices
- Internally among divisions;
- Within the industry; and
- Outside the industry - “out-of-box”.
IRMBA™ Mission
To identify "Best
in Class" risk management processes, which, when implemented, will
lead member companies to exceptional performance.
IRMBA™ Objectives
To conduct benchmarking studies of important risk management
processes.
To create a cooperative environment where full understanding
of the performance and enablers of "best in class" risk
management processes can be obtained and shared
at reasonable cost.
To use the efficiency of the association to obtain process
performance data and related best practices from risk
management processes.
To support the use of benchmarking to facilitate risk
management process improvement and the achievement
of accuracy, timeliness and efficiency.
IRMBA™ Membership
The scope of IRMBA™ membership includes individuals
who work in risk
management in major corporations.
Company membership will be considered with respect to compliance with IRMBA™ mission,
goals and operating guidelines, as well as, qualification of the organization
within the scope of membership.
Participation in specific efforts will be optional and open only to members
with costs shared by the participants. Members pay only if they join a specific
study. Currently, membership in IRMBA™ is free. We reserve the right to
review membership applications and to make the final decision whether or not
to accept any application. Consulting firms are ineligible for membership.
IRMBA™ Benefits of
Membership
Studies:
IRMBA™ will identify and present to members opportunities
to participate in Benchmarking studies on various topics addressing
issues of importance to the risk
management functions.
There are two types of Benchmarking studies provided:
Consortium studies are offered to the membership as a
whole with costs divided.
Single company sponsored studies addressing the interest
of one member company can be offered to other selected members for
no fee.
The association will also support risk
management benchmarking efforts:
Research - Access public and private databases.
Identify study participants - Top companies in risk
management.
Collect data - Manage response collection with the participants
as a third party.
Lead site visits - Structured with best participants.
Roundtables:
Interest group roundtables will be organized throughout
the year. Members will pay a nominal fee to join real and virtual roundtable
discussions that address specific billing
process management processes.
Cost:
Currently, membership in IRMBA™ is FREE! Costs
of studies are shared by the participants
Become a IRMBA™ Member
To become a member of IRMBA™, click
below.
On-Line
sign up application |
Feature Site of The Week - Benchmarking Roundtables
