Key Risk Indicators

Key Risk Indicators (KRIs) are measurable values that help organizations identify potential risks before they escalate into bigger problems. Think of them as early warning signs that highlight areas of concern. For instance, if a business notices a decline in customer satisfaction scores, it might indicate future sales issues. By monitoring these indicators, companies can take proactive steps to mitigate risks, ensuring smoother operations and better decision-making. In essence, KRIs provide critical insights that aid in maintaining a safe and successful business environment.