The importance of KPI for optimizing enterprises
Entrepreneurs and business owners try to achieve their goals and success by using a way that evaluate the effectiveness of their plans and strategies. Now, the performance indicator is considered the reliable way that everyone works in business, and project management is depending on. Why are KPI Important? Key Performance Indicator helps to identify the ability and effectiveness of a company, organization, or individual to achieve key objectives. It is used at a set of levels aimed to assess the success of any entity reaching its objectives. There are indicators to measure overall performance, and others for every department within the entity, and the performance indicator can measure the performance of employees as well. What is a KPI? It has different definitions and classifications; however, it is important to note that a performance indicator is a measurement tool that provides long-term results and an effective way to facilitate work and identify achievements and failures. ...