Using key risk indicators (KRIs) is crucial to operational risk management. Briefly distinguish between a key performance indicator and a key risk indicator. Using the information in the case study, illustrate through graphs – how the risk of system downtime and the height of the swells can be monitored. Explain the current trends and make recommendations to mitigate the risks.

Answer rating: 100% (QA)

A Key Performance Indicator KPI is a metric used to measure the performance and success of a particular aspect of an organizations operations or activ... View the full answer