What's the next step after KRI alarms the owner

[jasonzhang001]

What's the next step after KRI alarms the owner,or in other word what should the owner do when he notice KRI match the threshold

[madhusap]

Hi Jason,

Key Risk Indicators (KRI) are the metrics used to measure the Likelihood of a risk occurrence.

When the KRI result crosses the threshold value set for that KRI, the expectation from the Risk Owners is to take necessary steps or actions required to reduce the likelihood of the risk event.

e.g. Implementing additional mitigating measures to reduce the Likelihood of a risk occurrence

Regards,

Madhu