SMART Finance: KPIs, KRIs & Strategic Alignment 17748 Course Overview This intensive 5-day workshop bridges strategic planning with practical financial and risk management tools. It focuses on the design of Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs), dashboard development, Enterprise Risk Management (ERM) integration, and continuous performance improvement. The programme is designed to help participants align strategic objectives with measurable financial and risk indicators, enabling more informed decision-making and stronger organisational resilience. Course Objectives By the end of this workshop, participants will be able to: Analyse the factors affecting organisational performance and formulate SMART objectives aligned with strategic goals. Design relevant and interconnected KPIs for core financial functions to monitor and improve performance. Evaluate the integration of KPIs into the ERM framework in order to develop effective KRIs. Construct a comprehensive dashboard that supports data-driven decision-making. Develop a continuous improvement plan using industry benchmarks and emerging technologies. Target Audience This workshop is suitable for: Finance Professionals GRC Practitioners Business Leaders Senior Managers responsible for strategic planning and performance management Consultants advising clients on performance improvement and risk optimisation Course Outline 1. 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 with a focus on financial and risk dimensions Linking strategic objectives to actionable metrics in finance and risk 2. The Finance Function and KPI Frameworks Overview of the key functions of finance Interconnectedness of finance functions and their impact on risk and performance Critical KPIs for each finance function Identifying misaligned KPIs and their impact on strategy execution 3. Risk Management and the Role of KRIs Overview of the Enterprise Risk Management (ERM) process Designing KRIs linked to financial KPIs and strategic objectives Risk appetite and risk tolerance: balancing performance and risk metrics Case studies on how financial risks affect KPIs and KRIs Scenario analysis and stress testing using KPIs and KRIs 4. Dashboard Design for Finance and Risk Characteristics of an effective dashboard Data visualisation best practices: selecting the right charts and formats Tools and platforms for dashboard creation Dashboard development process Dashboard calibration and refinement 5. Sustaining Performance Through Best Practices Benchmarking KPIs and KRIs against industry standards and peer organisations Aligning metrics with evolving business strategies and risk environments 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
