What is a Key Performance Indicator (KPI)
In business parlance, a Key Performance Indicator (KPI) refers to a value that shows the success rate of a project or how effective its development has been in reaching set targets. A KPI provides a focus for operational and strategic improvement. This metric is usually established well before work on project execution starts.
Further Reading:
– Go Beyond Trello – A Guide to Choosing the Kanban Board Software
– Setting up WIP Limits in Kanban – Why do you need it?
– Scrum vs Kanban- A Guide to Choosing the Agile Framework That Works
– The Definitive Guide to Scrumban Methodology
– The Ultimate Guide to Project Management Dashboard
All Terms
- Acceptance Criteria
- Adaptive Project Framework (APF)
- Aggregate Project Plan (APP)
- Agile
- Artifact
- Backlog
- Burn Rate
- Constraint
- CAPEX (Capital Expenditure)
- Change control
- Change freeze
- Change management plan
- Change request
- Closing Phase
- Communications Management Plan
- Cost Management Plan
- Cost Overrun (Budget overrun)
- Cost Performance Index (CPI)
- Critical Chain Project Management (CCPM)
- Critical Path
- Critical Path Method (CPM)
- Deliverable
- Dependency
- Execution Phase
- Extreme Programming (XP)
- Feasibility study
- Gantt Chart
- Human Resource Plan
- Initiation phase
- Iteration
- Just in Time (JIT)
- Kanban
- Kickoff Meeting
- Key Performance Indicator (KPI)
- Lead Time
- Lean Production
- Milestone
- Net present value (NPV)
- Objectives
- Planning phase
- PRINCE2 (PRojects IN Controlled Environments)
- Project
- Project Manager
- Quality Assurance (QA)
- Quality Control (QC)
- Risk
- Risk Register
- Schedule Management Plan
- Scheduling
- Scope
- Scope Creep
- Scrum
- Sprint
- Stakeholder
- Test
- Use Case
- User Acceptance Test (UAT)
- Virtual Teams
- Value stream mapping
- Work Breakdown Structure (WBS)
- Workaround
- Waterfall Methodology
- X-bar control chart
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What is a Key Performance Indicator (KPI)
In business parlance, a Key Performance Indicator (KPI) refers to a value that shows the success rate of a project or how effective its development has been in reaching set targets. A KPI provides a focus for operational and strategic improvement. This metric is usually established well before work on project execution starts.
Further Reading:
– Go Beyond Trello – A Guide to Choosing the Kanban Board Software
– Setting up WIP Limits in Kanban – Why do you need it?
– Scrum vs Kanban- A Guide to Choosing the Agile Framework That Works
– The Definitive Guide to Scrumban Methodology
– The Ultimate Guide to Project Management Dashboard
