December 10, 2021 by Admin

How does an enterprise benefit from implementing a set of key risk indicators (KRIs)?

• The set of KRIs remains relevant over time.
• Risk exposures are monitored to ensure they remain within risk appetite.
• The need for a formal risk and control assessment program is eliminated.
• The frequency of risk data gathering and reporting is minimized.

Explanation:

Reference: https://www.metricstream.com/insights/Key-Risk-indicators-ERM.htm