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Risk Assessment metrics and KPIs

What are Risk Assessment metrics?

Finding the right Risk Assessment metrics can seem daunting, particularly when you're focused on your daily workload. For this reason, we've compiled a selection of examples to fuel your inspiration.

Copy these examples into your preferred app, or you can also use Tability to keep yourself accountable.

Find Risk Assessment metrics with AI

While we have some examples available, it's likely that you'll have specific scenarios that aren't covered here. You can use our free AI metrics generator below to generate your own strategies.

Examples of Risk Assessment metrics and KPIs

Metrics for Governance and Compliance

  • 1. Compliance Rate

    Measures the percentage of compliance with legal and regulatory requirements

    What good looks like for this metric: 95% compliance

    Ideas to improve this metric
    • Conduct regular compliance audits
    • Implement automated compliance software
    • Provide staff with compliance training
    • Ensure clear documentation of policies
    • Stay updated with regulatory changes

  • 2. Risk Assessment Frequency

    Tracks how often risk assessments are performed to identify and address potential issues

    What good looks like for this metric: Quarterly assessments

    Ideas to improve this metric
    • Schedule regular risk assessment reviews
    • Involve cross-functional teams in assessments
    • Adopt a risk management framework
    • Use risk assessment software tools
    • Prioritise risks based on impact and likelihood

  • 3. Internal Audit Findings

    Evaluates the number of issues found during internal audits

    What good looks like for this metric: Less than 5 per audit

    Ideas to improve this metric
    • Conduct thorough training for audit staff
    • Use technology to streamline audits
    • Regularly review and update audit criteria
    • Encourage open communication around audit results
    • Implement corrective actions promptly

  • 4. Policy Violation Incidents

    Counts the number of times company policies are violated

    What good looks like for this metric: Fewer than 10 incidents annually

    Ideas to improve this metric
    • Increase awareness of company policies
    • Introduce stricter enforcement measures
    • Provide regular training on company policies
    • Encourage reporting of violations anonymously
    • Review and update policies regularly

  • 5. Third-Party Compliance Rate

    Measures the extent to which third-party partners comply with company standards

    What good looks like for this metric: 90% compliance

    Ideas to improve this metric
    • Regularly audit third-party vendors
    • Include compliance requirements in contracts
    • Develop a trusted vendor program
    • Provide training for third-party partners
    • Monitor third-party compliance continuously
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Implement these metrics

Tracking your Risk Assessment metrics

Having a plan is one thing, sticking to it is another.

Don't fall into the set-and-forget trap. It is important to adopt a weekly check-in process to keep your strategy agile – otherwise this is nothing more than a reporting exercise.

A tool like Tability can also help you by combining AI and goal-setting to keep you on track.

Tability Insights DashboardTability's check-ins will save you hours and increase transparency

More metrics recently published

We have more examples to help you below.

Planning resources

OKRs are a great way to translate strategies into measurable goals. Here are a list of resources to help you adopt the OKR framework:

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