Power of Key Risk Indicators in Enterprise Risk Management: Quantitative and Qualitative Approaches

Key Risk Indicators (KRIs) are developed to analyze a risk event that has affected the organizations in the past (or present) and then working backwards to pinpoint intermediate and root cause events that led to the ultimate loss or lost opportunity. KRIs, if managed properly, can provide an early warning and enable risk managers to take proactive actions. Effective KRIs enable management to identify early mitigation strategies that can begin to reduce or eliminate the impact associated with an ...

Last Published: October 20, 2014 by Roopa

Category: Management