ITMPI FLAT 003
Main Menu
Home / Uncategorized / Which KPIs are the Best for Your Organization?

Which KPIs are the Best for Your Organization?

There are a multitude of ways to create and maintain valuable KPIs in your organization. This post by Suba Lakshminarasimhan sheds some light on the KPIs that collect data on business resources, quantitative data and project outcomes, and process results, among others:

The data in numbers or the quantitative metrics are the essential factors used as KPIs in project management. The number of employees in a team, computers, hardware supplies, software licenses required for a project and the revenue it is going to generate are used as the most important KPIs to measure project performance. These quantitative metrics help the project managers to gain insight on where the project stands. You can also understand how effective the processes are to achieve a successful project outcome.

The must know Six Sigma metrics like mean time between failures, mean time to repair and the quantitative metrics such as inventory, procurement, supplies, new customers acquired, customer attrition and workforce attrition are the well-known quantitative KPIs used in project management to assess the end results.

Lakshminarasimhan also provides this tip: if using certain KPIs seems “expensive”, try combining them with other key performance indicators to measure the overall performance of the project.

About Matthew Kabik

Matthew Kabik is the former Editor of Computer Aid’s Accelerating IT Success. He worked at Computer Aid, Inc. from 2008 to 2014 in the Harrisburg offices, where he was a copywriter, swordsman, social media consultant, and trainer before moving into editorial.

Check Also

The Robot Will See You Now: AI and Your Health Care

Health care is–as some have recently realized–complicated. Robots and apps will only make things more …

Leave a Reply

Your email address will not be published. Required fields are marked *

Sorry, but this content
is for our subscribers only!

But subscribing to ACCELERATING IT SUCCESS is FREE and only one click away!
Join more than 40,000 IT Professionals and get the best IT management articles to your mailbox with Accelerating IT Success!

Unsubscribe at any time