KRI (Key Risk Indicators) – measure and control business risks
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The key risk indicators are parameters that effectively measure the risks involved in a business procedure and activity and provides us with a prior notification of its possible harmful consequences. More and more organizations are turning to Enterprise Risk Management (ERM) to manage their risks and provide a framework to work out their business strategies in the direction of consistent growth and excellence.
KRI Toolkit includes
- Introduction to KRI (key risk indicators)
- Building the KRI (key risk indicators)
- Ready to use KRI template (available in free PDF download)
- How to use KRI
- KRI checklist
- KRI: do-s and don’ts
- KRI vs. KPI and Balanced Scorecard
- Practical application of KRI
Reason for Usage
The Key Risk Indicators are far becoming the most sought after concepts to understand and adopt by businesses as they perfectly complement the Key Performance Indicators in contributing to an organization’s growth and success and relate to the key business objectives too. The concrete identification of inputs that have the potential to hamper productivity and performance automatically relates to the inputs that facilitate performance and are positive contributors to business growth.
