Final answer:
Key risk indicators (KRIs) are vital in risk management, providing early warnings, establishing control measures accountability, and aiding in the global assessment of organizational risk exposure.
Step-by-step explanation:
The usefulness of a key risk indicator (KRI) is paramount in the risk management processes of an organization. A KRI provides an early warning of potential risk, assisting in preventing the emergence of identified risks by signaling a need for action before risks materialize into actual problems. Additionally, KRIs help to establish greater accountability of risk control measures. They do this by measuring and monitoring the effectiveness of these measures, allowing organizations to adjust their strategies accordingly. Lastly, KRIs contribute to the identification of a global assessment of an organization's exposure to risk, shedding light on the overall risk profile and areas that may warrant closer surveillance.