What is a KPI?

A KPI is a Key Performance Indicator.  KPI's are used by organizations to evaluate their performance against specific goals. Example of these KPI's are shown below:

KPI of Closing Ratio KPI of YTD Revenue KPI of Net Income

These measurements can be used for any of the following purposes:

  • Strategic Goals
  • Operation Goals
  • Balanced Scorecard Targets
  • Value Enhancement Objectives

KPI's can be categorized as follows:

  • Quantitative.  Is a specific number being achieved.
  • Goal Oriented.  Have we met our targeted goal.
  • Directional.  Are we moving in the right direction.
  • Financial.  Is the company financial sound?
  • Ratio's.  One number divided by another number.

Call us today at 516-467-4322 for help in creating the best short list of KPI's for your company.  We also can help you set up a low cost, cloud based KPI dashboard to help you better manage your company.

You are here: Management ConsultingKey Performance IndicatorsWhat is a KPI?