**Key Performance Indicators are [[Metrics]] to measure the status quo.** What gets measured gets managed. In the world of business, and especially in the realm of manufacturing, Key Performance Indicators (KPIs) are used as to measure (and in some unfortunate cases, define) success. They measure the status quo. Ongoing operations have KPIs, specific initiatives have [[OKRs]]. Both are forms of [[SMART Goals]]. KPIs are [[lagging measures]] of output that can, in theory, surface small problems before they become bigger ones. (So both leading and lagging depending on viewpoint). A KPI measure has to have a clear & unambiguous definition, should be associated with a grading scale, and should be part of a company’s [[Periodic Reviews]]. KPIs are not without faults. See [[Gaming KPIs]] **** # More ## Source ## Related - [[Defining Area ]] - [[Periodic Reviews]] - [[Gaming KPIs]] - [[OKRs]] - [[SMART Goals]] - [[Proxy Measures]] - [[Leading Measures]]