What Are Key Risk Indicators? Importance and Types

Risk management is a critical component of workplace safety and efficiency. Key Risk Indicators (KRIs) are used in risk management by predicting and quantifying potential failure points, sources of errors, and measuring their impact on operational success, financial stability, or strategic goals. This video explores the importance of KRIs and offers different examples.

Timestamp:
0:00 Key Risk Indicators
0:14 Purpose of Key Risk Indicators
0:39 Examples of Key Risk Indicators
0:46 Quantitative KRIs
1:01 Qualitative KRIs
1:15 Human Resource KRIs
1:27 Financial KRIs
1:36 Operational KRIs
1:44 Technological KRIs

KRIs are effective tools that can determine potential risk factors and operational inefficiencies. To learn more about KRIs, such as its development process and limitations, check out our blog - https://trdsf.com/blogs/news/what-are...

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