Keep risks under continuous review with periodic re-assessments and Key Risk Indicators that alert owners when thresholds are breached.
Risk Monitoring & Key Risk Indicators
Risk Management now supports ongoing monitoring so risks don't go stale:
- Periodic reviews — schedule recurring re-assessments (monthly, quarterly and so on) with an outcome and a next-review date; overdue reviews trigger alerts.
- Key Risk Indicators (KRIs) — track metrics against amber/red thresholds, record readings over time, and have each reading automatically classified Green, Amber or Red.
- Breach & overdue notifications — owners, risk owners and Risk Managers are notified in-app and via web push when a KRI breaches its threshold or a review falls overdue.