Key risk indicators (KRIs) provide a clear perspective into the risk position of an organization. KRIs are metrics used to proactively measure risks that a business may face. They serve as early warning signs of upcoming crises, which can provide an organization’s management team time to create an action plan to mitigate that risk’s potential impact or prevent it from occurring2.
[Reference: https://www.metricstream.com/insights/Key-Risk-indicators-ERM.htm#:~:text=Risk% 20Management%20(ERM)-,Overview,and%20mitigate%20them%20in%20time., ]
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