Kpi as an Effective Tool for Achieving Company Goals

Abstract

The concept of performance management is used by most of the organizations to ensure that either they are going on the right path or not. For managing the performance the organizations are required to know about the performance indicators. This paper explores the key performance indicators (KPIs) and impact of these KPIs on the overall organizational performance. KPI’s serve as early warning signs for the enterprise and if they are treated properly, they can improve the overall company performance. The Key Performance Indicators (KPI’s) are considered instrument measurements that evaluate and demonstrate how effectively a company is achieving their business objectives and goals. The aim of this paper is to better understand what are the critical indicators that need to be identified, measured, reported and managed so that the company, the department or the project will be viewed as a success in order to better achieve the objective propose by the company initially.