What does “KPI” stand for in technology project management? 🔊
"KPI" stands for Key Performance Indicator in technology project management. These indicators are quantifiable measurements that organizations use to evaluate the success of a project, initiative, or business performance against set objectives. KPIs help teams prioritize activities, measure progress, and make informed decisions based on real data. By establishing relevant KPIs, stakeholders can effectively track outcomes and adjust strategies to optimize performance. They play a crucial role in aligning team efforts with organizational goals, enhancing accountability, and ensuring continuous improvement.
Equestions.com Team – Verified by subject-matter experts