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Project Management vocabulary · Status Reporting & Governance

KPI

Meaning in project management, with examples

/ˌkeɪ piː ˈaɪ/abbreviationCore term

In project management, KPI means: Short for key performance indicator: a measurable value that shows how well a project, team or organisation is doing against an important goal.

In Turkish: temel performans göstergesi, anahtar performans göstergesi, KPI

How it is used

Said letter by letter: K-P-I; the plural is KPIs. In projects, KPIs can measure delivery (on-time milestones, budget variance) or results (user adoption, cost savings). People set, track, report on and meet KPIs.

Example sentences

  1. One KPI for the project is that 90% of staff use the new system within three months of go-live.

  2. We report our KPIs to the steering committee every month.

Common collocations

  • set KPIs
  • track KPIs
  • meet a KPI
  • KPI report
  • dashboardA one-page visual summary of a project's or portfolio's key information, such as progress, budget, risks and KPIs, usually with charts and status colours.
  • status reportA short, regular report that tells stakeholders how a project is going: what has been done, what comes next, and the main risks, issues and decisions needed.
  • earned valueThe planned budget value of the work actually completed so far. Comparing it with planned value and actual cost shows whether a project is ahead or behind and under or over budget.
  • business caseA document or argument that explains why a project is worth doing, comparing its expected benefits with its costs, risks and alternative options.

This word in other fields

The same English word can have a different meaning in another field:

More terms: Status Reporting & Governance

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