Energy risk teams explore use of KRI metrics

KRIs show particular promise for managing operational risk

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Energy sector chief risk officers (CROs) are growing increasingly interested in using metrics based on key risk indicators (KRIs) to help predict and manage serious risks, says Bob Anderson, Houston-based chief executive of the Committee of Chief Risk Officers (CCRO), an energy industry group.

"It's often a challenge for an energy firm to identify an emerging risk before it's become a matter of disaster control," Anderson says. "Energy risk officers have become very interested in the potential o

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