Key Performance Indicator (KPI)

KPI stands for key performance indicator (KPI) and is a measurable value that demonstrates how effectively a company, business unit or department, projects and individuals are achieving key business objectives. KPI measurement is typically a comparison of actual performance to strategic business goals and objectives. KPI metrics allow organizations, the executive team and stakeholders to identify whether an initiative is progressing toward its stated goals, which makes it an important tool for navigating a path forward. They help to reduce the complexity of performance to smaller, more manageable and measurable milestones. This makes it easier to perform course correction at shorter intervals to keep projects on track.

Learn more about how an organization can manage and create a Key Performance Indicator (KPI)

KPIs (Key Performance Indicators) provide insights about risk events that have already affected the organization; KRIs (Key Risk Indicators) enable businesses to monitor potential future shifts in risk conditions.

Datasheet Rsam module for Indicators and Metrics.