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KRIs - and Cause. A tool to focus management on managing the problem by focusing on the cause of risk.

KRIs as a Risk Management Tool. KRIs have immediate appealCan be real-timeDynamic Anticipatory / preventive (versus reactive)Business-specificBut implementation poses challengesThe ?Goldilocks Syndrome"Not useful if too global/high-levelNot useful if too specific/embedded in local processNe

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KRIs - and Cause. A tool to focus management on managing the problem by focusing on the cause of risk.

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    1. KRIs - and Cause. A tool to focus management on managing the problem by focusing on the cause of risk. Jonathan Davies, RiskBusiness International March 23, 2010

    4. Risk Analysis: The Bow Tie Concept

    17. Causal Analysis: Using Causes in Scenario Cause can make scenario definitions more cohesive Demonstrating chains of causal factors Align individual factors with accountability Providing standardization among drivers Capturing interrelationships among various causal elements For example, hard task + poor training = losses Rough estimates at first More precise modeling over time Goal: Do at least as well as weather forecasters More than ERM & ORM, but well stick with that for nowMore than ERM & ORM, but well stick with that for now

    19. KRIs - and Cause. A tool to focus management on managing the problem by focusing on the cause of risk. Jonathan Davies, RiskBusiness International March 23, 2010

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