KPIs are metrics that define and measure business processes to insure they stay under budget.

Question

Quizplus · Accepted Answer

KPIs (Key Performance Indicators) do not necessarily relate to budget constraints. They are measurable values that indicate how effectively a company is achieving its business objectives. While some KPIs may relate to financial performance, such as revenue growth or cost savings, others may pertain to customer satisfaction, operational efficiency, or employee productivity. KPIs are used to track progress and identify areas for improvement in order to maximize business success.

KPIs Are Metrics That Define and Measure Business Processes to Insure