Many organizations use the terms Key Performance Indicators (KPIs) and Key Risk Indicators (KRIs) interchangeably, they actually are two different tools with different purposes. While KPIs help organizations understand how well they are doing in relation to their strategic plans, KRIs help them understand the risks involved which means that KRIs help to quantify risks, while KPIs help to measure business performance. Take a look at what they are and how they are different.