By managing performance and risk in conjunction a better and stable performance on the long term can be achieved, also – or particularly - in times of economic down turn. Performance leaders know what they need to do in order to realize their objectives and are aware of the risks concerned. Integrated performance and risk management will usually lead to a shift from intuitive and ad-hoc management towards numerical and structured management.

Managers often see practical difficulties concerning the introduction of a combined performance and risk management model. These difficulties concern problems in identifying the risk indicators and quantifying the size and impact of the risks. Here Bizzscore comes to help.

The Bizzdefiner module helps translating strategy into Key Risk Indicators (KRI’s) in the same way as it can help to translate strategy into measures (KPI’s). In the strategy map risks are identified that could prevent the realization of strategic objectives and Key Success Factors (KSF’s). Opportunities and consequences of all risks are analyzed and quantified. Finally KRI’s are defined and monitored as supportive information for KPI scores. Bizzscore makes integrated risk and performance management an everyday reality.