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key performance indicator measurement is a quantitative method of measurement of key performance of an employee which determines his effectiveness for his specific role over a specified period of time. KPI s are different for different roles. some forms (a) related to project - earned value, schedule variance, cost variance, CPI, SPI, percentage progress, progressive invoice value, cash flow trends, margins analysis, cos benefit analysis, pack back period, net present value, reports of quality and safety deficiencies, scope deviations, customer satisfaction, risk analysis and mitigation measures(b) related to sales - sales target, sales volume growth, increase in number of customers, product-wise category wise, channel wise, geography wise targets (c) related to marketing - improvement in market share, developing new customers, developing channels of marketing, generating more awareness, enhancing brand image, strengthening brand loyalty, product launches, etc
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Thank you. I am agree with experts, who already gave valuable opinion.
In addition to our colleagues answers and clarifications about the Key Performance Indicator , I would like to confirm that KPI is mostly used in the Sales tools as a criteria to measure the level of the sale-force performance related to target budget achievement and Sales growth realization during a certain period.
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KPIS - The basic performance indicators are a means to measure performance or progress toward practical goals . The organization or unity. It also allows the organization to measure performance,determines the way the process for the characterization of what is considered performance. We use it -
!!! Basic keys to the success of the organization
speaking key performance indicator most carried on appraisals , then it is different job category and standards work in there , suppose we are highlighting labor performance then the following performance indicators can be used , attendance , job knowledge , job quality , obedience , relation with his supervisors , initiation ,punctuality , staying on the job but if we are speaking about staff the this will add significant further qualities like hitting targets , achievements , planning , programming , time utilization , values added , and personal attitudes
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A Key Performance Indicator is a measurable value that demonstrates how effectively a company is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets. High-level KPIs may focus on the overall performance of the enterprise, while low-level KPIs may focus on processes in departments such as sales, marketing or a call center.
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Every organization ( teams , or staff member ) has objectives, and goals to achieve so with a simple definition KPI is a measurement device that helps you understand how your organization ( teams , or staff member ) is doing in regard to its goals
Example : when we hire a sales person or marketing staff we create a person profile according to the job description in that person profile we put what the result we wait from this person in his new position that process its what we call KPI so we can evaluate him according to his progress in his job , we can evaluate a sales team efficiencylike a sales growth in quarter , customer satisfaction and loyalty , reduce waste and cost ................ u can put as much u want KPI depending on your goals and strategy in other post at bayt i post a recruitment KPI for more illustration