kpi funny acronym

KPIs specifically help determine a company's strategic, financial, and operational achievements, especially compared to those of other businesses within the same sector. The gross profit margin, which measures revenues after accounting for expenses directly associated with the production of goods for sale, is another common profit-based KPI. Menu Search. Feedback, The World's most comprehensive professionally edited abbreviations and acronyms database, King Pin Inclination (vehicle steering geometry angle), Kauno Politechnikos Instituto (Lithuanian: Kaunas Polytechnic Institute), Kyokuto Petroleum Industries, Ltd. (Japan), Knight Paranormal Investigation (Pennsylvania). So how do we create these KPIs? Get a KPI mug for your sister Riley. = Cannot Stop Investigating F.I.N.A.L.S.= Fuck, I Never Actually Learned Shit A.D.I.D.A.S. Related: How Managers Track KPIs with Real-Time Dashboards. (Hence, key performance indicators.) But they’re more than just a performance tool, they can be used to motivate teams as well. Is there a specific number of leads you must generate each month, and what is your cost per lead threshold? What Are Key Performance Indicators (KPIs)? KPIs do not necessarily have to be solely tied to financial data. Les KPI ou ICP (indicateurs clés de performance) peuvent être utilisés, entre autres, dans le domaine du management au sens large, dans le domaine du marketing et de la publicité ou dans le domaine de l'analyse d'audience d'un site web. Watch Jennifer Bridges, PMP, to start your KPI adventure. KPI stands for Key Performance Indicator. Key performance indicators (KPIs) refer to a set of quantifiable measurements used to gauge a company’s overall long-term performance. Postal codes: USA: 81657, Canada: T5A 0A7, Your abbreviation search returned 20 meanings, Note: We have 75 other definitions for KPI in our Acronym Attic, The Acronym Finder is Today, we’re talking about Eight Essential KPI Metrics for Teams. Acronym Finder, All Rights Reserved. ), then you’ll need to know how to effectively measure your progress. Communicated throughout your organization and department. Tracking sales is one easily identifiable project which can provide you detailed information on everything from regional comparisons, to individual sales reps performance, to the likelihood of a customer to buy an add-on product within a given timeframe after purchasing their initial product. You can view your tasks on a calendar, list or online Gantt chart, the latter giving your tools to drag and drop schedule changes and link dependencies. This will help ensure your BI and KPI data is being used to impact the changes most critical to the optimizing the health of your organization. And when we’re talking about quantitative, we’re measuring those KPIs using numbers. So, let’s look at two different types. A quantitative KPI is measurable by numbers and a qualitative KPI is more descriptive, such as measuring through a survey to get an understanding of your end-user. The challenge for each of us is to determine exactly how it can be used to create the most significant impact on our businesses. We’re also looking at the workload efficiency of the team, as well as timesheet submittals. ), then you’ll need to know how to effectively measure your progress. We would love to hear from you…scroll below to provide your feedback. "Comps" refers to the comparison of similar businesses, sales figures, or properties to quantify performance or value. Top KPI abbreviation meanings updated October 2020 KPI metrics are often monitored with online dashboards or tracking templates. There are two different types of KPIs: quantitative and qualitative. We're doing our best to make sure our content is useful, accurate and safe.If by any chance you spot an inappropriate comment while navigating through our website please use this form to let us know, and we'll take care of it shortly. Abbreviation to define. That's it! Now, with project management software, these can be managed and updated real-time. Investopedia uses cookies to provide you with a great user experience. And then we update those on a regular basis and we review them weekly. What does KPI stand for? Full Name of KPI? Expand full form of KPI; Full Details of KPI? There are only so many things you can focus on at a given time within the business. While many business professionals are trying hard to eliminate acronyms from their vocabulary, it may be a futile battle with new ones popping up every day. Simply enter your words in the above box and press search to generate a list of possible acronyms. By continuing your navigation, you accept the use of cookies to offer you personalized advertising / content, analyze our traffic, optimize our services and allow you to interact on social networks. for one campaign, and then compare the effectiveness of that campaign to other campaigns running. Instead, think openly about what you want to know and then work backward to figure out how to get it and what systems will need to be connected. A financial KPI is known as the “current ratio” focuses largely on liquidity and can be calculated by dividing a company's current assets by its current debts.

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