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GRC - Governance, Risk & Compliance > HOPEX GRC Common Features > GRC Functional Administration > Administrating Key Indicators

Administrating Key Indicators

Accessing Indicator Administration Features

Managing Indicator Categories

Managing Indicator Interpretation logics

Managing Indicator Statuses

Creating indicator statuses

Computation of indicator statuses

Indicator status formulas

Managing Aggregation Periods and Methods

Aggregation periods

Aggregation methods

Creating aggregation periods or methods

Managing Key Indicator Value Computation Logics

Creating a computation logic

Key Indicator Value Computation Logics provided as default

As a GRC 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 GRC indicator administration features:

1. Login as a GRC Functional Administrator.

2. In the navigation bar, select Administration > Indicators.

You can view:

• indicator categories

The key indicator category enables to specify how indicator values are interpreted, in order to compute the indicator status and Time to Failure.

• interpretation logics

An indicator interpretation logic contains the logic behind the computation of the indicator status, Time to Failure, together with the list of possible statuses for the indicator.

• indicator statuses

The status of an indicator enables to define whether an alert must be triggered. An indicator is computed automatically based on the latest indicator values, the aggregation period and the aggregation method.

• Aggregation periods

An aggregation period is the period over which the indicator values are aggregated to compute the current key indicator value and status.

• Aggregation methods

An aggregation method is the mathematical operation carried out over the key indicator aggregated values in order to compute the indicator current value and status.