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Key Performance Indicator (KPI)

What is a Key Performance Indicator? Definition and meaning

Key Performance Indicators (KPIs for short) are business management metrics that determine the performance and thus the success within a company.

By continuously monitoring these performance metrics through management or controlling, individual processes, departments or projects can be tracked and evaluated.

Depending on the company or area, different KPIs are used. For example, accounting is more interested in metrics such as cash flow and profitability, while marketing deals with sales metrics.

With projectfacts you can create individual KPIs and have them monitored automatically.

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Frequently asked questions

What are Key Performance Indicators (KPIs)?
KPIs are business management metrics that determine the performance and thus the success within a company. They make processes, departments and projects measurable and comparable.
How are KPIs monitored?
Management or controlling monitor the performance metrics continuously in order to track and evaluate individual processes, departments or projects. With project controlling from projectfacts, you can create individual KPIs and have them monitored automatically.
Which KPIs are relevant?
That depends on the company and the area. Accounting is more interested in metrics such as cash flow and profitability, while marketing deals with sales metrics.