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KPI & Metric

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SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India
what is the difference between KPI and Metric?
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SHADAV MOHAMMAD ANSARI PMO| ITC INFOTECH INDIA PVT. Ltd. New Delhi, Delhi, India
Feb 05, 2019 8:16 AM
Replying to Abolfazl Yousefi Darestani
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in most of the cases, they are used interchangeably. Generally, Metric is an index, indicator or formula such as Number of hours divided by No. of products. KPIs are those metrics have a significant meaning for your own purposes. They can be used as a KEY indicator showing your current status. You may need several Metrics to calculate a KPI. Metrics refer to details whereas KPIs are more holistic and broader.
Well Noted . Abolfazi
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Fadwa SOUGRATI Project Management & business developpement professional| AEP CONSULTING Côte d'Ivoire
Hello, do you guys have any idea about key risk inidcator ?
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1 reply by Keith Novak
Jun 11, 2021 11:07 AM
Keith Novak
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KRIs are the important information on critical risks. They could one time events that indicate new risks, like a government administration change that might result in cutting your budget, or a product testing failure that will require additional work. They could be existing risks, like using EVM to predict the cumulative risk over time, or heavy staffing turnover that would limit your ability to execute to the plan.
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Keith Novak Tukwila, Wa, United States
Jun 11, 2021 4:37 AM
Replying to Fadwa SOUGRATI
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Hello, do you guys have any idea about key risk inidcator ?
KRIs are the important information on critical risks. They could one time events that indicate new risks, like a government administration change that might result in cutting your budget, or a product testing failure that will require additional work. They could be existing risks, like using EVM to predict the cumulative risk over time, or heavy staffing turnover that would limit your ability to execute to the plan.
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ANTONIS APERGIS Superintendent| PCT (Piraeus Container Terminal Single Member S.A.) Drapetsona, Piraeus, Greece
Feb 05, 2019 8:34 AM
Replying to Thomas Walenta
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Building on Kiron's reply:
we can and do measure anything: team morale, quality, beauty, distance between stars, max speed of a car, temperature - for a purpose or not
- with KPIs, we measure performance towards objectives
- with other metrics, we measure out of curiosity, for research, to learn or to establish thresholds
I fully agree with Thomas.
Actually, we use KPIs to decide to which factor we have to pay attention so as to achieve our goals, improve the process and the quality of organizations' operation.
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