Key Risk Indicators (KRIs)
Key Risk Indicators (KRIs) are observable and measurable information that can be used to
identify the symptoms and “red flags” created by risks. This course explores how to identify KRIs in your organisation, linking them to both the risks and the
controls necessary to contain them. It examines how to collect, score and find patterns in KRIs across different units in your organisation. And it looks at the steps employees can take to report and escalate issues about KRIs to the appropriate management or committees within the organisation.
Who is this training for?
This course applies to all organisations looking to manage risks in their business by identifying the “red flags” of risk and taking action.
Module 1 : Defining Key Risk Indicators (KRI’s)
• What are KRIs?
• Objectives of KRIs?
• Types of KRIs
• Identifying KRIs
Module 2 : KRI Inputs - Determining the parameters
• Assigning KRIs
• Setting frequency
• Determining thresholds
• Linking KRIs to risks and controls
Modeule 3 : KRI Processes - Collection, scoring and Aggregation
• Collecting KRIs
• Scoring KRIs
• Aggregating KRIs
Module 4 : KRI Outputs - Reporting and Follow-up Process
• Reporting KRIs
• Notifying and escalation issues relating to KRIs
• Using reports and taking action