A key risk indicator (KRI) is a measurement used to categorize the risk of a particular activity. These metrics are used by organizations to monitor and identify early stage increases in exposure to risk throughout the organization. In contrast to a key performance indicator, which monitors progress toward a goal, the KRI captures the possibility of a negative impact at some point in the future. The goal of a KRI is to help stakeholders and decision makers recognize these new and increasing risks early enough so that plans can be made to mitigate, manage, or offset the risk.
Learn more about how an organization can manage and create a Key Risk Indicator (KRI)
KPIs (Key Performance Indicators ) provide insights about risk events that have already affected the organization; KRIs (Key Risk Indicators) enable businesses to monitor potential future shifts in risk conditions.