Correctly defined key performance indicators (KPIs) are essential to align the employee’s day to day priorities and actions to the organisation’s business strategy and objectives. However KPIs are not just about monitoring the dials on a scorecard, they are about moving the dials through better decision making, strategic projects, process improvement and motivating staff by recognising and rewarding outstanding performance and behaviours.
Key risk indicators (KRIs) are designed to monitor the impact of changes within the business that could present a risk, or potential risk, that exceeds the defined risk appetite. By identifying and monitoring a balanced selection of performance indicators, trends and early warning indicators (EWIs) Rebase can provide real time intelligence on the performance of a business towards its strategic goals in the context of the risk management landscape.
