Definitions for performance indicator
per·for·mance in·di·ca·tor

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1. Performance indicator

   A performance indicator or key performance indicator (KPI) is a type of performance measurement. KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. KPIs provide a focus for strategic and operational improvement, create an analytical basis for decision making and help focus attention on what matters most.Often success is simply the repeated, periodic achievement of some levels of operational goal (e.g. zero defects, 10/10 customer satisfaction), and sometimes success is defined in terms of making progress toward strategic goals. Accordingly, choosing the right KPIs relies upon a good understanding of what is important to the organization. What is deemed important often depends on the department measuring the performance – e.g. the KPIs useful to finance will differ from the KPIs assigned to sales. Since there is a need to understand well what is important, various techniques to assess the present state of the business, and its key activities, are associated with the selection of performance indicators. These assessments often lead to the identification of potential improvements, so performance indicators are routinely associated with 'performance improvement' initiatives. A very common way to choose KPIs is to apply a management framework such as the balanced scorecard. The importance of such performance indicators is evident in the typical decision-making process (e.g. in management of organisations). When a decision-maker considers several options, they must be equipped to properly analyse the status quo to predict the consequences of future actions. Should they make their analysis on the basis of faulty or incomplete information, the predictions will not be reliable and consequently the decision made might yield an unexpected result. Therefore, the proper usage of performance indicators is vital to avoid such mistakes and minimise the risk.

WikidataRate this definition:0.0 / 0 votes

1. Performance indicator

   A performance indicator or key performance indicator is a type of performance measurement. An organization may use KPIs to evaluate its success, or to evaluate the success of a particular activity in which it is engaged. Sometimes success is defined in terms of making progress toward strategic goals, but often success is simply the repeated, periodic achievement of some level of operational goal. Accordingly, choosing the right KPIs relies upon a good understanding of what is important to the organization. 'What is important' often depends on the department measuring the performance - e.g. the KPIs useful to finance will be quite different from the KPIs assigned to sales. Since there is a need to understand well what is important, various techniques to assess the present state of the business, and its key activities, are associated with the selection of performance indicators. These assessments often lead to the identification of potential improvements, so performance indicators are routinely associated with 'performance improvement' initiatives. A very common way to choose KPIs is to apply a management framework such as the balanced scorecard.

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1. Performance Indicator

   Performance Indicator, LLC is located in Lowell, Massachusetts, in the heart of the Northeast corridor of innovative discovery and technology creation. We comprise world-renowned experts in chemical and physics-based sciences as well as an impressive team of seasoned professionals with decades of proven business success.As for the markets we serve, our solutions apply across a very large market spectrum, spanning end uses from consumer and industrial commercial needs focused on human safety and protection, entertainment and visual effects to military needs focused on enhancing our nation's ability to protect and defend. As a result of our depth of expertise in chemistry, physics and material-based sciences, we can address an expansive breadth of applications that take our capabilities far and wide.

How to pronounce performance indicator?

1. Alex

   US English

   David

   US English

   Mark

   US English

   Daniel

   British

   Libby

   British

   Mia

   British

   Karen

   Australian

   Hayley

   Australian

   Natasha

   Australian

   Veena

   Indian

   Priya

   Indian

   Neerja

   Indian

   Zira

   US English

   Oliver

   British

   Wendy

   British

   Fred

   US English

   Tessa

   South African

How to say performance indicator in sign language?

Numerology

1. Chaldean Numerology

   The numerical value of performance indicator in Chaldean Numerology is: 6

2. Pythagorean Numerology

   The numerical value of performance indicator in Pythagorean Numerology is: 9

Examples of performance indicator in a Sentence

1. Chief Revenue Officer Mick Griffin:

   We developed a community marketing team whose KPI [key performance indicator] is to become a leader in topics via various online channels, in order to increase visibility and traffic, we have already successfully achieved this on Quora, and the results are very positive. Our community manager Gloria is now the most-read content provider in 13 channels important to our industry.

References

1. ^ Wikipedia
   https://en.wikipedia.org/wiki/Performance_Indicator
2. ^ Wikidata
   https://www.wikidata.org/w/index.php?search=performance indicator
3. ^ CrunchBase
   https://www.crunchbase.com/organization/performance-indicator