Key Performance Indicator (KPI) - McCormick PCS

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Project Management Key Performance Indicator (KPI) Overview By: Michael McCormick October 21, 2013 2013 Key Performance Indicator (KPI) DLC Project Management Page 2 Prepared By: Michael McCormick Contents KPI Overview ........................................ ........................................ .......................... 3 I. Characteristics of KPI ........................................ ........................................ .......... 5 II. Requirements of a KPI: ........................................ ........................................ ....... 5 III. How to design a KPI? ........................................ ........................................ ......... 5 IV. Key Result Areas ........................................ ........................................ ............... 5 1. Definition of Key Result Areas (KRA) ........................................ ....................... 5 2. Importance of KRAs.

Key Performance Indicator (KPI) DLC – Project Management Page 5 10.21.2013 Prepared By: Michael McCormick I. Characteristics of KPI KPI is a term specifically used to indicate criteria adopted in evaluating an employee’s or contractors performance. Following are some characteristics of KPI: 1.

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