I'm quite supprised to see how the Hopex indicator meta class has been adopted by the IRM module.
In my world you can talk about
KPI = Key performance indicators belonging to processes
KRI = Key risk indicators belonging to monitor when risks can materialize.
Indicators have relations to objectives driving proces performance. When putting processes under pressure we introduce risk, so the two areas are related.
But saying indicators is only a part of risk is wrong after my opinion, and driving indicators in the wrong direction
Indicators should be part of "Hopex Meassure" when you get so far with the product.
Measure is the voice of processes. This is how you can tell if you processes work as intended.
You can be inspired by SIPOC and DMAIC.