What does KPI stand for?

KPI stands for Key Performance Indicator. It is a measurable value that demonstrates how effectively a company or organization is achieving key business objectives. Organizations use KPIs at multiple levels to evaluate their success at reaching targets. High-level KPIs typically focus on the overall performance of the organization, while low-level KPIs may concentrate on departmental or individual processes.

KPIs are essential metrics for assessing progress toward desired results and are commonly used in business, project management, and various fields to ensure that strategic goals are being met efficiently. They provide a clear framework for assessing performance and can drive positive outcomes when closely monitored and analyzed.

The other options do not accurately capture the definition of KPI. Key Policy Information, Key Project Insights, and Key Planning Indicator do not reflect the primary function of KPIs as standardized measurements for evaluating performance against strategic goals.