Benchmarkingt-
tans✔✔Thetprocesstoftmeasuringtthetperformancetoftantorganizationtagainsttexternaltstan
dardstoftreferencetthattfrequentlytcometfromtsimilartorganizationstdoingtsimilartthings.
CorporatetGovernancet-
tans✔✔Thetsystemtoftrules,tpracticestandtprocessestbytwhichtatcompanytistdirectedtandtco
ntrolled.
EnterprisetRisktManagementt-
tans✔✔Atstrategictdisciplinetthattsupportstthetachievementtoftantorganization'stobjectivest
bytaddressingtthetfulltspectrumtoftitstrisktandtmanagingtthetcombinedtimpacttoftthosetrisksta
stantinterrelatedtrisktportfolio.
GaptAnalysist-
tans✔✔Comparisontoftantexistingtprocesstortprocedurettotrecognizetstandardstintorderttoti
dentifytdeficienciestortexcessestintthetexistingtprocess.
Keytperformancetindicatort(KPI)t-
tans✔✔Astactivitytthattsignalstthetachievementtoftorganizationaltobjectives,temphasizetop
portunitiestandtstrategictobjectives.
Keytrisktindicatort(KRI)t-
tans✔✔designedttotmanagetdownsidetrisk.tAtmeasurementtofthowtrisktandtvolatilitytrelatett
otachievingtorganizationaltobjectives,
PESTLEtAnalysist-
tans✔✔PESTLEtistantacronymtfortPolitical,tEconomic,tSocial,tTechnology,tLegaltandtEnvir
onmentaltandtidentifiestthetcategoriestutilizedttotanalyzetinternaltandtexternaltenvironment
s.tOthertformstoftthetacronymtincludet"PEST"tandt"PESTEL."
Riskt-tans✔✔Theteffecttoftuncertaintytontobjectives.
RisktAppetitet-
tans✔✔Thettotaltexposedtamounttthattantorganizationtwishesttotundertaketontthetbasistoftri
sktreturnttrade-offstfortonetortmoretdesiredtandtexpectedtoutcomes
RisktAttitudet-tans✔✔Antorganization'stortindividuals'tview/
perspectivetoftthetperceivedtqualitativetandtquantitativetvaluetthattmaytbetgainedtintcompar
isonttotthetrelatedtpotentialtlosstortlosses.