{"id":1233,"date":"2019-04-16T17:25:00","date_gmt":"2019-04-16T11:55:00","guid":{"rendered":"http:\/\/blog.tenthplanet.in\/?p=1233"},"modified":"2026-03-03T10:14:40","modified_gmt":"2026-03-03T10:14:40","slug":"define-your-kpi","status":"publish","type":"post","link":"https:\/\/tenthplanet.in\/blogs\/define-your-kpi\/","title":{"rendered":"Define Your KPI"},"content":{"rendered":"<p>For example, if the goal is to increase revenue of the company by 25% over the next two quarters<\/p>\n<h4>KPI :<\/h4>\n<p>A measurable value that can be evaluated over a specific time period, determine the gap between actual and targeted performance and determine organization effectiveness and operational<\/p>\n<ul>\n<li>Every organization might have set a common goal (short term or long term)<\/li>\n<li>Individuals work will be directly or indirectly connected to the organization goal<\/li>\n<li>Individuals in the organization should work together to reach the goal efficiently and effectively<\/li>\n<li>Continuous monitoring is required to evaluate the performance towards goal<\/li>\n<li>There comes the KPI where it plays a key role in any business aiming for success<\/li>\n<li>They are used to measure, monitor and manage performance to improve their organization<\/li>\n<li>It tells an action that needs to take place based on the KPI outcome<\/li>\n<li>It monitors the performance of entire organization\/business problem and to fix the problems quickly to<br \/>\nattain the success rate of the KPI<\/li>\n<li>It will be readily accessible by managers at all levels to help them manage their business<\/li>\n<\/ul>\n<p><strong>E.g<\/strong> \u2013 Monthly Sales, Monthly New leads, Lead to sale conversion rate.<\/p>\n<h4>What is a Metric ?<\/h4>\n<p>A metric is a quantifiable measure that is used to track and assess the status of a specific process and a calculation between two measures.<\/p>\n<p>Metric can be classified into 3 categories<\/p>\n<ul>\n<li><strong>Quantities\u00a0<\/strong> \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0 \u00a0\u00a0e.g. stock per storage, ordered items, unique visitors<\/li>\n<li><strong>Calculated values\u00a0<\/strong> \u00a0e.g. sales, return rate, contribution margin<\/li>\n<li><strong>Discrepancies<\/strong> \u00a0 \u00a0 \u00a0 \u00a0\u00a0e.g. compared to the day before, the week before, the average<\/li>\n<\/ul>\n<p><strong>E.g<\/strong> \u2013 Sales Revenue, Gross Margin, Net Profit Margin, Customer turnover rate<\/p>\n<h4>What is a measure?<\/h4>\n<p>Measures are the numbers or values that can be summed and\/or averaged, such as sales, leads, distances, durations, temperatures, and weight. They are the values quantified against a standard at a particular point in time.<br \/>\nIt can be used alongside dimensions to segment, filter or group it.<br \/>\nWe can perform math on the measure and filter or group on the dimension.<br \/>\nMeasures are unit-specific.<\/p>\n<p><strong>E.g<\/strong> \u2013 No of customers, Sales quantity, Sales amount<\/p>\n","protected":false},"excerpt":{"rendered":"<p>A measurable value that can be evaluated over a specific time period, determine the gap between actual and targeted performance and determine organization effectiveness and operational<\/p>\n","protected":false},"author":23,"featured_media":1238,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[424],"tags":[524,525,526],"class_list":["post-1233","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-pentaho","tag-kpi","tag-measure","tag-metric"],"_links":{"self":[{"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/posts\/1233","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/users\/23"}],"replies":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/comments?post=1233"}],"version-history":[{"count":0,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/posts\/1233\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/media\/1238"}],"wp:attachment":[{"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/media?parent=1233"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/categories?post=1233"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/tenthplanet.in\/blogs\/wp-json\/wp\/v2\/tags?post=1233"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}