Key risk indicators (KRIs) are metrics that are used to measure the level of risk associated with a particular business process or activity. KRIs are used to identify potential risks and to monitor the effectiveness of risk controls. Some common examples of KRIs include financial metrics, such as debt-to-equity ratio, operational metrics, such as employee turnover rate, and compliance metrics, such as the number of regulatory violations. The selection of KRIs depends on the specific industry, organization, and risk profile.

1. By
Ph.Ijaz Hussain
Pharmacy Quality and Medication
safety Supervisor
KEY RISK INDICATOR
(KRI)

2. A key risk indicator (KRI) is a metric
for measuring the likelihood that the
combined probability of an event and
its consequences will exceed the
organization's risk appetite and have
a profoundly negative impact on an
organization's ability to be successful.
KEY RISK INDICATOR (KRI)

3. advance notice of potential risks
that could damage the organization;
insight into possible weaknesses in
an organization's monitoring and
control tools; and
ongoing risk monitoring
between risk assessments
KRI IMPORTANCE

4.  details on the people, processes, technologies,
facilities and other corporate attributes most
important to the organization's continued operation
and success;
 identification of risks, threats and vulnerabilities the
organization faces, based on their likelihood of
occurring, their operational and financial impact to
the firm, and the firm's ability to mitigate the event;
 ranking the business attributes in terms of their
criticality to the firm
CHARACTERISTICS OF GOOD KRIS

5. • ranking of risks, threats and vulnerabilities in terms of their
potential harm to the firm;
• linking of the key business attributes to the most significant
risks to identify those issues of greatest concern to the
organization;
• metrics to identify when and how an identified risk becomes
a serious threat to critical attributes of the organization;
• ongoing process of reviewing KRIs and their metrics to
identify any changes that require management review and
possible action; and
• approval of KRIs by senior management.

6. RISK EXPOSURE

7. RISK MANAGEMENT

8. RISK MANAGEMENT

9. RISK MANAGEMENT

10. RISK MANAGEMENT

11. HEAT MAP

12.  https://www.klipfolio.com/resources/articles/what-is-a-key-
performance-indicator
 https://people.ai/blog/how-to-develop-kpis/
 https://www.datapine.com
REFERENCES