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Financial KPIs and Risk Indicators

Financial KPIs and Risk Indicators

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Overview
Course Outline
  • Foundations of Strategy and Management
    • Strategic planning steps: Vision, mission, and goal setting
    • SMART objectives and their role in finance and risk management
    • Internal and external factors affecting financial strategy
    • SWOT analysis: Focus on financial and risk dimensions
    • Linking strategic objectives to actionable metrics in finance and risk
  • The Finance Function and KPI frameworks
    • Overview of finance's various functions
    • Interconnectedness of these functions and their impact on risk and performance
    • Critical KPIs for each function
    • Identifying misaligned KPIs and their risks to strategy execution
  • Risk Management and the role of KRIs
    • Overview of the Enterprise Risk Management (ERM) process
    • Designing KRIs linked to financial KPIs and strategic goals
    • Risk appetite and tolerance: Balancing performance and risk metrics
    • Case studies: How financial risks affect KPIs and KRIs
    • Scenario analysis and stress testing using KPIs and KRIs
  • Dashboard Design for Finance and Risk
    • Characteristics of an effective dashboard
    • Visualization best practices: Selecting the right charts and formats
    • Tools and platforms for dashboard creation
    • Dashboard development process
    • Dashboard calibration
  • Sustaining Performance with Best Practices
    • Benchmarking KPIs and KRIs against industry standards and peers
    • Aligning metrics with dynamic business strategies and risks
    • Leveraging technology for real-time monitoring and decision-making
    • Establishing feedback loops to refine KPIs and KRIs
    • Future trends: The role of AI, machine learning, and big data
    • Common pitfalls in KPI and KRI management and how to avoid them
Schedule & Fees