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Single Answer
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Sameer wants to assess whether the key risk indicators (KRIs) his team have suggested are appropriate for his organization. Which of the following is not a common characteristic of a useful KRI?

Answer Options

A

Actionable

B

Measurable

C

Relevant

D

Inexpensive

Correct Answer: D

Explanation

KRIs, or key risk indicators, need to be actionable so that the organization can use them to control or manage risk, they need to be measurable so that they can be assessed, and they must be relevant to the risks that they measure. They don’t necessarily have to be inexpen- sive, as organizations may make choices about costs based on their risks and business models.