Importance of Selecting IT Key Risk Indicators (KRIs)

B.

The most important reason for selecting IT key risk indicators (KRIs) is to increase the probability of achieving IT goals. Key risk indicators are metrics or measures that help organizations understand the level of risk they are facing in a particular area of their operations. They are often used as part of a risk management program to monitor and manage risks that could impact an organization's ability to achieve its goals.

By selecting IT key risk indicators, organizations can gain insight into the risks that are most likely to impact their IT operations and take appropriate action to mitigate those risks. This can help increase the likelihood of achieving IT goals by ensuring that IT operations are running smoothly and effectively. For example, if an organization's IT goal is to maintain high availability of critical systems, selecting key risk indicators related to system downtime and performance can help identify potential issues before they impact availability.

While enabling comparison against similar IT KRIs, assessing the current IT controls model, and demonstrating the effectiveness of IT risk policies are all important considerations in selecting IT key risk indicators, they are not as critical as ensuring that the indicators selected are relevant to achieving IT goals. Comparing against similar IT KRIs can provide benchmarking information and identify areas for improvement, but this should not be the primary focus. Assessing the current IT controls model and demonstrating the effectiveness of IT risk policies are important aspects of a broader risk management program, but they do not directly contribute to achieving IT goals.