The anatomy of BP specific key op risk indicators
KEY RISK INDICATORS
The prevailing literature on key risk indicators (KRIs) has largely focused on what are commonly referred to as generic indicators, which are indexes that track and measure risk items such as operational losses, policy exceptions, unresolved audit issues, and so on. While generic indicators are generally acknowledged as a useful risk management tool, they offer no more than a broad coverage of operational risks. Also, they merely identify risk on an after-the-fact basis. The key to proactive
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