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KRIs - and Cause. A tool to focus management on managing the problem by focusing on the cause of risk.

KRIs as a Risk Management Tool. KRIs have immediate appealCan be real-timeDynamic Anticipatory / preventive (versus reactive)Business-specificBut implementation poses challengesThe ?Goldilocks Syndrome"Not useful if too global/high-levelNot useful if too specific/embedded in local processNe

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KRIs - and Cause. A tool to focus management on managing the problem by focusing on the cause of risk.

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    1. KRIs - and Cause. A tool to focus management on managing the problem by focusing on the cause of risk. Jonathan Davies, RiskBusiness International March 23, 2010

    4. Risk Analysis: The Bow Tie Concept

    17. Causal Analysis: Using Causes in Scenario Cause can make scenario definitions more cohesive Demonstrating chains of causal factors Align individual factors with accountability Providing standardization among �drivers� Capturing interrelationships among various causal elements For example, hard task + poor training = losses Rough estimates at first More precise modeling over time Goal: Do at least as well as weather forecasters More than ERM & ORM, but we�ll stick with that for nowMore than ERM & ORM, but we�ll stick with that for now

    19. KRIs - and Cause. A tool to focus management on managing the problem by focusing on the cause of risk. Jonathan Davies, RiskBusiness International March 23, 2010

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