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COMMITTEE REPORT Governance CommitteeSERVICE AREA DATECorporate Administration October 9, 2012SUBJECTMeasuring Our Success: Corporate Strategic Plan Key Performance Indicators CAOS1201REPORT NUMBER___SUMMARY
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01
Understand the purpose of Key Performance Indicators (KPIs) - KPIs are used to measure the success of an organization or specific activities.
02
Identify the key objectives and goals of the organization or project - KPIs should be aligned with these objectives.
03
Choose relevant metrics to measure performance - Select specific data points that are indicative of progress towards the goals.
04
Set targets and benchmarks for each KPI - Establish realistic and measurable goals for each metric.
05
Collect and analyze data on a regular basis - Monitor the KPIs to track progress and make informed decisions.
06
Adjust and refine KPIs as needed - Continuously evaluate the effectiveness of the KPIs and make changes as necessary.

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Anyone who wants to monitor and improve performance
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Key Performance Indicator (KPI) is a measurable value that demonstrates how effectively a company is achieving key business objectives.
Typically, it is management or the relevant department within a company that is responsible for tracking and reporting on KPIs.
KPIs are usually filled out using data collected from various sources such as sales reports, financial statements, and employee performance evaluations.
The purpose of KPIs is to measure the success of an organization or specific activities within the organization in relation to their strategic goals.
The information reported on a KPI usually includes specific metrics or values that are tracked over time to evaluate performance.
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