Financial Glossary

Key Performance Indicator (KPI)

Definition

KPIs are measurable values that indicate how effectively an individual, team, or business is achieving key business objectives.

Related Services

Business analysis, performance management, and data analytics services help organizations define, measure, and track KPIs to optimize performance.

Problem and Application

Selecting the right KPIs is essential, as irrelevant or poorly chosen KPIs can lead to misguided decision-making and missed targets.

Conclusion

KPIs provide vital insight into business performance and are essential for strategic decision-making and achieving organizational goals.