KPI
a measurable value showing progress toward a goal
In more detail
1. (noun) a measurable value that shows how well a person or organization is achieving its goals; an abbreviation for key performance indicator
Examples
- 1. The company tracks KPIs like customer satisfaction and sales revenue to measure success.
How to use KPI
KPI is used in business and organizational contexts to refer to quantifiable metrics that measure progress toward strategic objectives. It is typically used in formal settings such as performance reviews, business planning, and management discussions. The term is often used in plural (KPIs) and frequently appears in phrases like 'KPI targets' or 'KPI dashboard'.
Common phrases
- track KPIs
- meet KPI targets
- KPI dashboard
- KPI framework
- monitor KPIs
- set KPIs
Synonyms
key performance indicator · metric · performance measure · benchmark · indicator
A common mistake
Learners sometimes treat KPI as a countable noun requiring an article (e.g., 'a KPI') when it functions more naturally in plural or as part of compound phrases without articles, though singular use is acceptable.
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