The Primary Reason to Periodically Review Key Performance Indicators (KPIs)

B.

Periodic review of Key Performance Indicators (KPIs) is an essential activity for an organization to measure its progress towards achieving its strategic objectives. KPIs provide measurable values that help organizations evaluate their performance against their set targets, and help them make informed decisions to improve their business processes. The PRIMARY reason for periodically reviewing KPIs is to identify trends.

Answer A is correct because by periodically reviewing KPIs, an organization can identify trends and patterns that can help them make informed decisions. These trends may be positive or negative and can provide insights into whether the organization is progressing towards its goals or not. By identifying these trends, the organization can take corrective actions to improve its performance.

Optimizing resources needed for controls (Answer B) is an important consideration, but it is not the PRIMARY reason for periodically reviewing KPIs. KPIs can help an organization identify areas where it may be overspending, but this is not the main purpose of KPIs.

Answer C, ensuring compliance, is also an important consideration for organizations, but it is not the PRIMARY reason for reviewing KPIs. KPIs can help an organization identify areas where it may be non-compliant, but this is not the primary purpose of KPIs.

Answer D, promoting a risk-aware culture, is also an important consideration, but it is not the PRIMARY reason for periodically reviewing KPIs. KPIs can help an organization identify areas where it may be at risk, but this is not the primary purpose of KPIs.

In summary, the PRIMARY reason for periodically reviewing KPIs is to identify trends. This helps organizations make informed decisions to improve their performance towards achieving their strategic objectives.