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Performance indicator

lastmod 2024-02-19created 2022-11-103 edits

A Performance Indicator or Key Performance Indicator (KPI) is a Type of Performance Measurement.

What are the elements of an effective KPI?

Like most good goals, an effective KPI should be specific and measurable. The purpose of setting KPIs is to give the team a clear understanding of what it wants to achieve, by when, and how that performance will be measured.

Effective KPIs:

  • Help achieve strategic goals
  • Inform resource planning
  • Are measurable
  • Track things you can control and influence
  • Connect metrics to strategic goals
  • Let team members clearly understand how projects contribute to company goals

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