Abstract: Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs), although related, serve different purposes in measuring performance and managing risk within an organization. Understanding the specific differences between these two metrics is crucial for effective decision-making and strategic planning. KRIs are used to measure the likelihood and impact of risks, while KPIs measure the performance of an organization against its goals and objectives. KRIs are typically more forward-looking, while KPIs are more backward-looking. This paper will discuss the key differences between KRIs and KPIs, and how they can be used together to improve an organization's risk management and performance management processes.
Keywords: Key Risk Indicators, Key Performance Indicators, Organizations, Measurements, Performance, and Management.
Title: Key Risk Indicators & key Performance Indicators: Is the difference important?
Author: Noura Abdulrhman AlOthman
International Journal of Management and Commerce Innovations
ISSN 2348-7585 (Online)
Vol. 11, Issue 1, April 2023 - September 2023
Page No: 400-402
Research Publish Journals
Website: www.researchpublish.com
Published Date: 31-August-2023
