Risk Monitoring & Reporting
- Risk owners are assigned to each risk event.
- Key risk indicators (KRIs) and thresholds are developed to track changes in risk severity.
- Protocols have been established to escalate risks when thresholds have been breached.
- Risks are reported according to an enforced reporting schedule (to include the Board).
- KRIs, thresholds, and reporting schedules have been approved by senior leadership