KPI of the Day – Risk Management Performance: # Preventive risk controls
Definition
Measures the number of preventive controls put in place. Preventive controls aim to deter or prevent undesirable risk events from occurring.
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Measures the number of preventive controls put in place. Preventive controls aim to deter or prevent undesirable risk events from occurring.
Compares the number of compliments to the number of complaints received in during the measurement period.
Measures the total loss in the case of a risk occurring, by factoring in the probability of the occurrence taking place.
Measures inventory obsolescence costs (cost of inventory when no longer deployable to the customer) as a percentage of total inventory. It indicates the effectiveness of the inventory management process.
Measures the percentage of the target market accounted for by the business, from the overall existing market.