TU Wien:Enterprise Risk Management Fundamentals VU (Schwaiger)/MC: Maturity Assessment and Monitoring

• Hillson's Risk Maturity Model only applies to the risk management process - False
• Beasley/Clune/Hermanson's ERM model is a two-dimensional maturity level model that is based upon an ordinal variable for measuring the maturity levels - False
• The ERM-Maturity Assessment Model serves three purposes, i.e. descriptive, prescriptive and comparative purposes - True
• The ERM-Maturity Assessment tool is a web-based platform that allows the construction and deployment of maturity assessments for different domains - True
• The predictive validity framework helps avoiding the risk of misspecification firstly by conceptualizing manifest variables with indicators and secondly by operationalizing the indicators with questions - False