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About this sample
About this sample
Words: 360 |
Page: 1|
2 min read
Published: Nov 15, 2018
Words: 360|Page: 1|2 min read
Published: Nov 15, 2018
Key Performance Indicator is a set of quantifiable measures tools that demonstrates how effectively is the company achieving from the key business objectives. Company use KPIs at multiple levels to evaluate the success of it in a particular activity such as project, product, programs .and its success to reaching their targets.
The key Performance Indicator characteristics must be based on a factors that show how its related to the business objectives. And another important factor is that they have specific time-frame divided into key checkpoints.
In term of developing a new strategy for formulating KPIs, your team should understand what your organizational objectives are and start with the basics, and how you plane to achieve the organization target.
Most organizations use the industry-recognized KPIs and then they ask why that KPI doesn't reflect their own business and fails to make any positive change. One of the most important aspects of the KPI is that they are a form of communication. And it is controlled by the same rules as any other type of communication.
The high-level of the key Performance Indicator is focus on the overall performance of the company while low-level of key Performance Indicator may focus on processes in the departments of the organization.
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