03 March 2015

📊Business Intelligence: Performance Indicator [PI] (Definitions)

"The measurement of the execution of activities. A performance indicator is often compared to recommended practices. It is a quantifiable target for achieving the adopted key performance factors. Metric is the unit of measure, and measure is a specific observation when tracking performance. The terms performance indicator, metric, and measure are often used interchangeably." (Paul C Dinsmore et al, "Enterprise Project Governance", 2012)

"A quantitative or qualitative measure to determine progress." (Fran Ackermann et al, "Visual Strategy: Strategy Mapping for Public and Nonprofit Organizations", 2014)

"A high-level metric of effectiveness and/or efficiency used to guide and control progressive development, e.g. Defect Detection Percentage (DDP) for testing [CMMI]." (Standard Glossary, "ISTQB", 2015)

"Quantifiable metrics used to measure the success of activities undertaken to reach strategic goals." (Gina Abudi & Brandon Toropov, "The Complete Idiot's Guide to Best Practices for Small Business", 2011)

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