Key Risk Indicators (KRIs) are metrics used to estimate how a risk can impact the operational and strategic goals of an organization. They help in monitoring changes in the level of risk exposure and can reveal when a company is reaching a risk threshold. Other options such as Risk Matrix and Risk Appetite are also associated with risk management but do not directly define metrics used for assessing the impact of a risk.
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What are some examples of Key Risk Indicators (KRIs)?
How do organizations set appropriate thresholds for KRIs?
What is the difference between KRIs and Key Performance Indicators (KPIs)?