Transcription of Key Risk Indicators - Promoting and Developing the ...
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Institute of Operational Risk Operational Risk Sound Practice Guidance Key Risk Indicators November 2010 Key Risk Indicators Institute of Operational Risk Sound Practice Guidance Copyright 2010 Institute of Operational Risk 2 The Institute of Operational Risk Sound Practice Guidance The Institute of Operational Risk (IOR) recognises that there is no one size fits all approach to the management of operational risk. However by drawing on the experience of practising risk professionals it is possible to identify examples of good practice described in this paper.
2.3. Performance Indicators Performance indicators, usually referred to as key performance indicators or KPIs, are metrics that measure performance or the achievement of targets. Although often considered more relevant to finance, accounting and general business management, they are applicable to operational risk both in
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