What are the differences between Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs)? How can they be used to measure organizational performance and risk exposure?
In this video, we'll also discuss how KPIs can help organizations track progress towards their strategic objectives and how KRIs can be used to monitor potential risks and trigger proactive risk management actions. There are examples as well to give you a better understanding of the practices. By the end of the video, you'll have a better understanding of how KPIs and KRIs can help organizations manage performance and risk and how to integrate them into your ERM framework to support effective decision-making.
0:00 - Intro
0:35 - Key Performance Indicator (KPI)
1:00 - Key Risk Indicator (KRI)
1:28 - Practical example of KRI
2:14 - Case study of using both KPIs & KRIs
4:02 - Important note!
4:25 - Wrap-up
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