Energy risk teams explore use of KRI metrics
KRIs show particular promise for managing operational risk
Energy sector chief risk officers (CROs) are growing increasingly interested in using metrics based on key risk indicators (KRIs) to help predict and manage serious risks, says Bob Anderson, Houston-based chief executive of the Committee of Chief Risk Officers (CCRO), an energy industry group.
"It's often a challenge for an energy firm to identify an emerging risk before it's become a matter of disaster control," Anderson says. "Energy risk officers have become very interested in the potential
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