Certified in Risk and Information Systems Control (CRISC) — Question 121

Which of the following is MOST important when developing key risk indicators (KRIs)?

Answer options

• A. Availability of qualitative data.
• B. Alignment with regulatory requirements.
• C. Property set thresholds.
• D. Alignment with industry benchmarks.

Correct answer: C

Explanation

Setting appropriate thresholds is vital for key risk indicators (KRIs) as it determines the levels at which risks become significant and require attention. While qualitative data, regulatory alignment, and industry benchmarks are important, they do not directly affect the operational functionality of KRIs as thresholds do.