Key Risk Indicators (KRIs)

Key Risk Indicators (KRIs) are metrics used to evaluate potential risks that could affect an organization’s objectives. Think of them as warning signs that help businesses anticipate problems before they happen. For example, if a company tracks employee turnover rates, a sudden increase may signal underlying issues like low morale or poor management. By monitoring these indicators, businesses can take proactive steps to mitigate risks, ensuring smoother operations and better decision-making. KRIs provide valuable insights that help organizations stay ahead of potential challenges.