A KRI is a quantifiable metric providing early warning about increasing exposure to a specific risk.
Key Risk Indicators (KRIs) are metrics enabling monitoring of identified risk evolution. Unlike KPIs that measure past performance, KRIs are forward-looking: they alert about conditions that may materialize a risk before the adverse event occurs.
KPIs measure past performance (results). KRIs measure conditions that may generate future risk (predictive). Both complement each other.
Between 10 and 25 KRIs for critical risks is recommended. Too many dilute attention; too few leave blind spots.
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