Risk Management KPIs, Metrics & Benchmarks

What are Risk Management KPIs?

Risk management KPIs, also referred to as Key Risk Indicators (KRIs), help an organization proactively monitor exposure by quantifying and reporting on potential risk. KRIs can be put in place to identify and control potential issues related to information security, employee relations, industry or market competition, economic conditions, financial health, and other operational areas.

Continuously Monitoring Risk with Key Risk Indicators (KRIs)

Key Risk Indicators (KRIs) are typically implemented by organizations as a part of an ongoing, continuous effort to control and mitigate risk exposure throughout the business. Organizations with well-developed, mature risk management programs typically define and implement “risk thresholds” for each KRI. Risk thresholds can act as an early warning system for potential risk – when the defined threshold is approached, or exceeded, notifications are sent to the appropriate personnel to investigate further.

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5 Major Key Risk Indicator (KRI) Examples

There are many different types of risk (e.g., strategic, human capital, regulatory, reputational, technology, etc.) – and the usefulness of certain KRIs can vary by industry, or based on the company’s risk appetite. Here are 5 leading risk indicators that can be applied to nearly any business:

1. 1.Mean Time Between Security Incidents
2. 2.Mean Time Between Failure (Critical Systems)
3. 3.Percentage of Projects Behind Schedule (by Department)
4. 4.Budget Variance (Budgeted vs. Actual; by Department)
5. 5.Employee Turnover Rate (by Department)

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Opsdog.com sells Risk Management KPI and benchmarking data in three different ways.

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Browse Instant Download Risk Management KPI and Benchmarking Products for Purchase Below

KPI's & Data

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Key Risk Indicators Benchmarking Report for Technology Services

This 67-page benchmarking report includes benchmarking data for 30 Technology Services key risk indicator metrics, or KRIs, including Mean Time Between Failures (MTBF), Incident Closing Rati...

Type : Benchmarking Report Bundle

KPI's & Data

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Legal Benchmarking Report

This 24-page benchmarking report includes benchmarking data for 9 Legal Department performance metrics, or KPIs, including Attorneys per Paralegal, Legal Department Expense per Employee and...

Type : Benchmarking Report Bundle

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KPI's & Data

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Information Security & Technology Key Risk Indicators Encyclopedia

This instant download document defines a list of over 100 Information Security and Technology Key Risk Indicators, including metric definitions, rationale, calculation details/formula, and r...

Type : KPI Encyclopedia

KPI's & Data

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Risk Management KPI Encyclopedia

This document defines over 145 Risk Management metrics, or KPIs, covering the Compliance, Corporate Governance, Ethics, Internal Audit, Risk Assessment and Risk Reporting functions. These KP...

Type : KPI Encyclopedia

KPI's & Data

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Compliance KPI Encyclopedia

This document defines over 50 Compliance KPIs, including metric definitions for Internal Audit, Policy Enforcement, Risk Management and more. These KPIs are further categorized into seven ma...

Type : KPI Encyclopedia

KPI's & Data

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Legal KPI Encyclopedia

This document defines over 40 Legal Department KPIs, including metric definitions for Intellectual Property, Legal Administrative Support and more. These KPIs are further categorized into se...

Type : KPI Encyclopedia