Track: Modeling and Simulation

Abstract

Many unpredictable events make risk management a topic of discussion to avoid losses that affect organizational performance. Many studies have been conducted on risk management maturity, but research on risk maturity models to measure organizational risk is still limited. Therefore this study aims to answer several questions related to the application and maturity of risk management by using a systematic literature review of 30 literatures.There are three stages in conducting a Systematic Literature Review namely planning, screening  and analysis.Based on the review, bibliographic summaries, detailed case studies, objectives and scope and maturity models were obtained. It was found that the application field that has the highest average risk maturity level is project management followed by supply chain management and the lowest is management information system. Maturity level consists of 5 levels. The results of measuring the risk maturity level show that most of the research is only at levels 1, 2, and 3. Several variables need to be added to the maturity risk model, such as continuous improvement, time, and quality. It is recommended to use the Living Engineering Process (LEGO) Approach and sensitivity analysis in processing and developing a risk maturity model for further research.