A key performance indicator (KPI) is a measurable value that helps companies know if they are meeting their most important business objectives. KPIs can be used at any level of businesses, from top management to individual departments and project teams. The most successful KPIs are specific and measurable; the goal of these indicators is to provide hard data on where a business is succeeding and where it needs to improve. It is generally a good idea to favor quantitative indicators – those that can be expressed with a number or a value – over qualitative indicators that cannot be expressed with a number. A good KPI also needs to realistically attainable, and so should include a time frame for completion.
The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.