KRI give an early warning to identify potential events that may harm continuity of the activity/project.
Systems methods and tools addressing triggering of notifications when targets are attained for key risk indicators have been evolving.
Calculating and enabling notifications of key risk indicators used to be a unique benefit of enterprise software packages.
With the evolution of API's to calculate trigger values for key risk indicators across various data sources, the potential for risk managers to include data external to an enterprise or external to an enterprise database has changed the risk management landscape.
Some qualities of a good key risk indicator include:[3]