What are Key Risk Indicators?
Key Risk Indicators (KRIs) are metrics used to monitor potential risks that could impact organizational objectives, enabling proactive risk management.
Why are KRIs Important?
KRIs help organizations identify emerging risks, prioritize mitigation efforts, and ensure resilience in dynamic environments.
Examples
- Monitoring financial ratios to detect liquidity risks.
- Tracking employee turnover rates to assess operational risks.
- Analyzing cybersecurity incidents to identify IT vulnerabilities.
How NovaTerrae Can Help
NovaTerrae provides tools and expertise to implement KRIs, ensuring your organization stays ahead of potential risks.