Decide to Implement a Metrics Program How do Metrics support the enterprise-wide risk management requirements and objectives? Identify key business line Metrics, tools and sources of information. Confirm key Metrics with business unit leadership. Identify the metric for specific departments and tasks. Track and establish Metric limits. Establish an Escalation Metric Process What is being clear to many organizations within the financial industry is that better analysis and analytics is necessary to track and monitor risk events. It is our contention that Metrics is a far better indicator than Loss events in determining the health of internal and external events. Losses are events that occur after an event has taken place. Metric trend analysis can help an organization determine potential losses before they occur. There is a shift within the industry to automate as many signals as possible of potential loss events. Our automated approach enables an organization to set predetermine limits and thresholds on hundreds and hundreds of Metrics. Click here for more Information on Metric Analysis.

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