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KRI

A KRI in ERM Core is defined against a risk in the register. Its threshold bands are versioned, every observation is placed in a band by the system, and a Red observation becomes a breach with an owner and a due date.

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IDPageFor
B4.1KRI library — one indicator per risk; owner, source, frequency, unit; the Demonstration SetEntity Risk Manager
B4.2Thresholds — Green / Amber / Red bands; versions; calibrationEntity Risk Manager
B4.3Observations and breaches — entering a value; the derived band; the explanation on Red; trendKRI owner, Entity Risk Manager
B4.4External KRIs from BCP Core — each hazard’s BCP level recorded as an observationEntity Risk Manager
KRI: from observation to band and breachAn observation is typed in by the KRI owner, imported, or recorded from a BCP level in BCP Core. The system places it in the Green, Amber or Red band by the thresholds in force on its date. A Red observation needs an explanation and opens a breach, which creates an action item.Typed inby the KRI ownerImportedfrom the standard workbookBCP levelNormal → GreenStandby → AmberActivated → RedObservationvalue + dateband computedGreenwithin appetiteAmberearly warningRedexplanation requiredBreachaction item createdowner · due dateLEGENDSourceObservationSystem placesRed to breach
An observation is typed in, imported, or recorded from a BCP level. The system places it in a band; Red needs an explanation and opens a breach.
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