Shortfalls in the risk management approaches many companies currently take can leave them dangerously exposed. These companies either have no corporate-level mechanisms for monitoring and acting on risk exposure or gather potentially relevant data but fail to develop appropriate metrics to support effective monitoring, control, and timely remediation. These metrics can take the form of key risk indicators (KRIs), which all levels of management can use to provide evidence of the effectiveness of the implemented risk management strategies. In this Advisor, we share some features of effective KRI implementation.
Advisor
Making the Most of Key Risk Indicators
Posted March 19, 2019 | Technology |
About The Author
Tom Teixeira is a Partner with Arthur D. Little (ADL), based in London. He has more than 20 years’ risk management experience, both in senior consulting and operational roles. Mr. Teixeira’s key areas of expertise include risk-based strategic planning and forecasting; risk analysis and quantification; total cost of risk reduction strategies, including insurance and captive management; and governance, risk, and compliance technology platforms. He… Read More
George Simpson is an Arthur D. Little (ADL) Manager and a member of ADL’s Global Risk practice. He has significant international experience in safety leadership and strategic safety management in high-hazard industries such as rail, public transport, and construction. Mr. Simpson has delivered projects for clients in a range of areas, including strategic independent reviews of safety, safety risk and assurance modelling, transport bid… Read More
Immanuel Kemp is an Arthur D. Little (ADL) Consultant and member of ADL’s Global Risk practice. He works with clients in the transport and oil and gas sectors in the areas of risk modeling, process hazard studies, asset valuation, incident investigation, safety governance, strategy and culture, and training. Mr. Kemp holds a master’s degree in chemical engineering from Trinity College Cambridge, UK. He can be reached at consulting@cutter.com.
Don’t have a login?
Make one! It’s free and gives you access to all Cutter research.