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A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [ 2 ]
Performance measurement is the process of collecting, analyzing and/or reporting information regarding the performance of an individual, group, organization, system or component. [dubious – discuss] [1] Definitions of performance measurement tend to be predicated upon an assumption about why the performance is being measured. [2]
Performance is a measure of the results achieved. Performance efficiency is the ratio between effort expended and results achieved. The difference between current performance and the theoretical performance limit is the performance improvement zone. Another way to think of performance improvement is to see it as improvement in four potential areas:
Even though important, input indicators like the unit production cost should not be seen as sole indicators of operational efficiency. When measuring operational efficiency, a company should define, measure and track a number of performance indicators on both the input and output side. The exact definition of these performance indicators varies ...
Benchmarking is used to measure performance using a specific indicator (cost per unit of measure, productivity per unit of measure, cycle time of x per unit of measure or defects per unit of measure) resulting in a metric of performance that is then compared to others. [1]
The connection of generalization to specialization (or particularization) is reflected in the contrasting words hypernym and hyponym.A hypernym as a generic stands for a class or group of equally ranked items, such as the term tree which stands for equally ranked items such as peach and oak, and the term ship which stands for equally ranked items such as cruiser and steamer.
Then there’s #MolonLabe, a Greek phrase meaning “come and take [them],” which, legend has it, was the Spartan king Leonidas’ response when the Persian army told him and his army to lay down their weapons. The phrase, adopted by gun rights advocates as a rallying cry against gun control, was in the Twitter bios of 396 Trump followers and ...
S.M.A.R.T. (or SMART) is an acronym used as a mnemonic device to establish criteria for effective goal-setting and objective development. This framework is commonly applied in various fields, including project management, employee performance management, and personal development.