Strategic Performance
What is the concept of performance measurement indicators?
Performance indicators, also known as key performance indicators (KPIs), are tools used to measure and evaluate the performance of organizations, institutions, and individuals in achieving their goals and core principles. Performance indicators help translate overall and strategic objectives into measurable and analyzable metrics.
Performance indicators are used to assess performance in a variety of fields and industries, whether commercial or non-commercial, such as companies, governmental organizations, projects, sports clubs, educational institutions, healthcare institutions, and others. They serve as a reference for goal measurement and progress achievement. They help monitor current performance, identify strengths and weaknesses, and understand the organization's need for improvement. Indicators are selected based on the goals and scope of the institution, and they are measured over specific time periods to compare performance across different periods.
In general, performance measurement indicators are defined based on the principles of SMART, which stands for
The goal should be clearly and precisely defined.
The goal should be measurable in a specific and tangible way.
The goal should be attainable and based on available resources and capabilities.
The goal should be directly related to the individuals or organizations overall vision.
The goal should have a defined and known time frame, specifying the deadline for achieving the goal.
