The Institute of Operational Risk has published a Key Risk Indicators Sound Practice Guidance paper to address the lack of written support on the effective application of this important tool.
This Guidance paper covers the whole of the Key Risk Indicators (KRI) process from their selection to their use in risk reporting and assessments. Download the Guidance paper here.
StratexSystems
Enterprise Governance, Risk and Compliance Software
We are one of the only software companies in the world to provide an integrated, Risk-based Performance solution powered by Microsoft's SharePoint platform.
Our goal is simple – to help businesses execute strategy while operating within their acceptable level of risk exposure.
Very few organisations are capable of obtaining a single enterprise-wide view of their performance and risk management information. Instead the tendency is to employ multiple tools that operate in silos; rarely communicate with one another; provide conflicting information; and contribute to poor decision-making.
We believe performance and risk are essentially different sides of the same coin. To effectively manage either, they must be managed as an integrated process with a single, integrated solution. StratexSystems provides that solution.