What is KRI instance in SAP GRC-RM - GRC Risk Management?

SAP Term: KRI instance

• Component: GRC-RM

• Component Name: GRC Risk Management

• Description: A KRI implementation assigned to a specific risk. When a new risk is entered, you can assign one or several key risk indicators to it. This assignment then defines the corresponding KRI instance. In this way, key risk indicators enable risk managers to automatically identify risks in business processes and escalate them to unit risk owners for immediate attention if necessary.

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• Key Concepts: 
  KRI instance is a term used in SAP GRC Risk Management (GRC-RM). It stands for Key Risk Indicator instance and is used to define the risk indicator that is used to measure the risk associated with a particular risk. It is a combination of the risk indicator, its target value, and the frequency of measurement. 
  
  How to use it: 
  KRI instances are used to measure the risk associated with a particular risk. They are created by assigning a risk indicator, target value, and frequency of measurement to a particular risk. The KRI instance can then be used to measure the risk associated with that particular risk over time. 
  
  Tips & Tricks: 
  When creating KRI instances, it is important to ensure that the target value and frequency of measurement are appropriate for the particular risk being measured. Additionally, it is important to ensure that the KRI instance is regularly monitored and updated as needed. 
  
  Related Information: 
  KRI instances are part of SAP GRC Risk Management (GRC-RM). Other components of GRC-RM include Risk Analysis, Risk Mitigation, and Risk Reporting. Additionally, KRI instances can be used in conjunction with other SAP tools such as SAP BusinessObjects or SAP HANA.