Description
Key performance indicators (KPIs) are used to evaluate the performance in a company or an organization. The KPIs show to what extent a number of goals have been reached. Different organizations have different goals, and it is important that the goals are well defined so that they are valid and reliable.
When to use it
Use KPIs to get an overview of performance values that are central to an organization. Use color coding and symbols to indicate how the figures relate to the expected results.
Advantages
KPIs give a quick understanding of the performance within an area.
Disadvantages
The KPI is somewhat limited when it comes to graphical components. You can use symbols to help illustrate the performance, but if you want a more conspicuous component, consider using a gauge.
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