What Makes a Good KRI? Using FAIR to Discover Meaningful Metrics

Steve Reznik, Director, Operational Risk Management, ADP
In addition to risk assessments, many best practice guidelines specify continuous monitoring and metrics to drive effective governance. However, companies waste valuable resources and create noise by reporting on bad metrics. This session will review characteristics of a “good” metric and introduce a method to identify KRIs using sensitivity analysis.Learning Objectives:1: Learn a FAIR-based approach to identify more meaningful metrics.2: Understand the characteristics of a key risk indicator.3: See a case study of risk quantification sensitivity analysis.Pre-Requisites:Some experience with risk assessment and/or setting, tracking or reporting metrics.