Key Risk Indicators (KRIs) are proactive metrics that enable an organization to anticipate and manage risks before they fully develop. They are distinct from Key Performance Indicators (KPIs), which measure performance against goals, and from Risk Thresholds, which are the levels of risk exposure that an organization has determined as acceptable or unacceptable. Unlike Risk Scores or Control Metrics which assess existing risks or the effectiveness of controls, KRIs are forward-looking indicators.
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What is the difference between Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs)?
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How do organizations determine effective Key Risk Indicators (KRIs)?
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What is the relationship between KRIs and an organization’s risk appetite?