How do you know if your car is performing well? I’m assuming one would monitor the dashboard – tracking gas level, oil and engine lights, speed etc. Just like that, a KPI is a metric that helps you track whether you’re going to reach your targeted goal. KPI stands for Key Performance Indicator. It helps you determine if a project is succeeding or failing, and if the goal will be met. KPIs are a road map to determine if the right decisions and direction is being pursued and if a detour is needed.
Michael is an avid project controls blogger and is the Chief Learning Officer here at Plan Academy. Michael has taught 1000s professionals how to use project controls software like Primavera P6 over the past 10 years through his online courses and tutorials. Michael is a member of AACE, the Guild of Project Controls and holds his PMP certification from PMI.