Key Performance Indicators (KPIs) are the elements of your plan that express what you want to achieve by when.
They are the quantifiable, outcome-based statements you’ll use to measure if you’re on track to meet your goals or objectives.
Every KPI must have a measure. The best KPIs have more expressive measures.
Every KPI needs to have a target that matches your measure and the time period of your goal. These are generally a numeric value you’re seeking to achieve.
A DATA SOURCE
Every KPI needs to have a clearly defined data source so there is no gray area in how each is being measured and tracked.
Different KPIs may have different reporting needs, but a good rule to follow is to report on them at least monthly.