Formalize should provide enhanced functionality for monitoring risks through Key Risk Indicators (KRIs) and Key Performance Indicators (KPIs).

It would be helpful to:

Define indicators: Assign one or more KPIs/KRIs to individual risks, including descriptions, measurement units, and monitoring frequency.

Threshold values: Define individual warning and critical thresholds for each indicator.

Automatic status calculation: Automatically determine the indicator status (green, yellow, red) based on the defined thresholds and current values.

Historical data: Record indicator values over time to monitor trends and developments.

Charts and dashboards: Visualize historical values, trends, and current risk indicators.

Automated notifications: Notify responsible users when thresholds are exceeded or indicator updates are overdue.

Risk integration: Display the current KPI/KRI status directly within the associated risk record and risk overview.

This enhancement would enable continuous, indicator-based risk monitoring, support early identification of emerging risks, and improve the effectiveness of risk management.