PERFORMANCE INDICATORS Meaning and
Definition
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Performance indicators, also known as performance metrics or performance measures, refer to specific parameters or criteria that are used to assess and evaluate the performance and effectiveness of an individual, organization, system, or process. These indicators are quantifiable and measurable, providing objective measures of progress and success.
Performance indicators serve as benchmarks for monitoring and analyzing performance over time. They are designed to provide key information and insights into various aspects of performance, enabling decision-makers to identify strengths, weaknesses, trends, and areas for improvement. These indicators can help track progress towards goals, evaluate performance against predetermined targets, and facilitate data-driven decision-making.
Performance indicators can vary widely depending on the context and nature of the entity being measured. In a business setting, common performance indicators may include financial metrics such as revenue growth, profitability, or return on investment. Other indicators may assess operational efficiency, customer satisfaction, employee performance, or environmental sustainability.
For governments and public institutions, performance indicators can encompass areas such as service delivery, policy outcomes, citizen satisfaction, or social and economic indicators. In education, performance indicators can include student test scores, graduation rates, or college acceptance rates.
Overall, performance indicators are valuable tools for assessing performance, providing objective data, and guiding decision-making processes.
Common Misspellings for PERFORMANCE INDICATORS
- oerformance indicators
- lerformance indicators
- 0erformance indicators
- pwrformance indicators
- psrformance indicators
- pdrformance indicators
- prrformance indicators
- p4rformance indicators
- p3rformance indicators
- peeformance indicators
- pedformance indicators
- pefformance indicators
- petformance indicators
- pe5formance indicators
- pe4formance indicators
- perdormance indicators
- percormance indicators
- pervormance indicators
- pergormance indicators
- pertormance indicators
Etymology of PERFORMANCE INDICATORS
The word "performance" originated from the Old French "parfournir", meaning "to accomplish" or "to carry out fully". It further developed in Middle English as "performen" with the same meaning.
The term "indicator" comes from the Latin word "indicare", which means "to show" or "to point out".
When combined, "performance indicators" refer to quantifiable measures or metrics that indicate how well a person, organization, or system is performing in achieving their objectives or goals. The term emerged in the 20th century with the growing emphasis on performance evaluation and measurement.
