Key Performance Indicators (KPIs) is one important tool both for translating strategy into action and for monitoring progress at a strategic level. This has now been recognised widely in organisations and companies are in the process of designing and implementing KPIs in the form manageable to their employees. KPI helps the organisation define and measure progress towards Organisational Goals or Key Results Areas (KRAs). Once an Organisation has set its Vision and analysed its mission, identified all its stakeholders, and defined its goals, it needs a systematic way to measure the progress towards those Goals. KPIs are those measurements.
KPIs are organised data collecting and collating, where the Organisation can monitor and evaluate their progress to drive for continuous improvements towards meeting their Objectives and fulfilling their KRAs.
