It’s crucial to note that KPIs is to give your business,quantifiable measurements of things.
By determining the correct KPIs, you are able to determine the long-term success of your company since the identification of the most important KPIs is the first step towards realizing increased profitability and efficiency for your business.
As reiterated in my previous articles,KPI must be:
S -Specific
M-Measurable
A- Ambitious
R- Realistic
T- Time Bound
Below I have tabulated an example of a Good versus Bad KPI
| Bad KPI | Comments | Good KPI |
| Increase Sales | Does not meet SMART rule:
|
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- KPA/KPI:Practical Challenges In Implementing Targeted Performance Management (TPM)
- KPA/KPI:Identifying Your “Customer”
- EXAMPLES OF SOME OF BEST-IN-CLASS PERFORMANCE METRICS USED FOR OPERATIONAL KPI ( Part 2 of 3)
- Credit Management:What is the KPA and KPI of a Credit Manager?
- AN EXAMPLE OF USING OPERATIONAL KPI TO GAIN COMPETITIVE ADVANTAGES ( PART 3 OF 3)
- Targeted Performance Management (TPM) –An Overview
- Order-To-Cash Cycle:Definition,An Overview,Benefits,KPA and KPI

FCCA,CA(MIA)with more than 26 years of post-qualifying working experiences. Previous working stints with one of the big accounting four,Regional GFC & Group Treasurer in a group of Malaysian and Group CFO in Singapore public listed concern.Also author to another very popular free educational accounting cum finance blog:http://basiccollegeaccounting.com under the branding of College Accounting Coach.
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