Administrating Key Indicators
As an IRM Functional Administrator you may need to customize the way indicators are defined (by specifying macros for Time to Failure and statuses computation, aggregation periods methods).
Key indicators are used in HOPEX Enterprise Risk Management and HOPEX Internal Control.
Accessing Indicator Administration Features
To access IRM indicator administration features:
1. Connect with the IRM Functional Administrator profile.
2. In the navigation menu, select Administration > Indicators.
Here you can view:
• indicator categories
An indicator category specifies how the indicator values are interpreted and how Time to Failure is computed. It also specifies how the indicator status is computed through an associated interpretation logic.• interpretation logics
An indicator interpretation logic contains the logic behind the computation of the indicator status, together with the list of possible statuses for the indicator. An indicator interpretation logic is linked to an indicator category.• indicator statuses
The indicator status is computed through an indicator interpretation logic linked to the indicator category.• Aggregation periods
An aggregation period is the period over which the indicator values are aggregated to compute the current indicator value and status.• Aggregation methods
An aggregation method is the mathematical operation carried out over the indicator aggregated values in order to compute the indicator current value and status.