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Which of the following are the common mistakes while implementing KRIs? Each correct answer represents a complete solution. Choose three.
Correct Answer: A,C,D
Section: Volume C Explanation: A common mistake when implementing KRIs other than selecting too many KRIs includes choosing KRIs that are: * Not linked to specific risk * Incomplete or inaccurate due to unclear specifications * Too generic * Difficult to aggregate, compare and interpret * Difficult to measure Incorrect Answers: B: For ensuring high reliability of the KRI, The indicator must possess a high correlation with the risk and be a good predictor or outcome measure. Hence KRIs are chosen that has high correlation with the risk.