Key Performance Measures

Key performance indicators (KPIs) are a group of quantitative metrics used to assess the overall long-term performance of an organization. KPIs in particular aid in determining a company’s strategic, financial, and operational accomplishments, particularly when compared to those of rival companies in the same industry.

Supplementary Video: “How to Develop Key Performance Indicators”
(https://www.youtube.com/watch?v=2tuWjtc2Ifk)
How are key performance indicators (KPIs) created? Goals and objectives are linked to KPIs. What do you hope to accomplish, and when? KPIs are the beating heart of your performance management process because they provide the quantifiable component of your goals and objectives. They let you know if your progress is being made.

Source:
Twin, A. (2022, October 8). Key performance indicator (KPI): Meaning, types, examplesd. Investopedia. Retrieved November 24, 2022, from https://www.investopedia.com/terms/k/kpi.asp#:~:text=Key%20performance%20indicators%20(KPIs)%20measure,(liquidity%20and%20cash%20availability)