KPFs
KPFs, or Key Performance Factors, are critical elements that significantly influence the success of a project, organization, or process. They are specific, measurable criteria that indicate whether a project or process is meeting its objectives and delivering the desired outcomes. KPFs are typically identified through a thorough analysis of the project's goals, stakeholder requirements, and potential risks. They serve as a benchmark for evaluating performance and making informed decisions throughout the project lifecycle.
The identification of KPFs involves a collaborative effort between project stakeholders, including project managers, team members,
Monitoring and measuring KPFs is an ongoing process that helps ensure that the project stays on track
KPFs play a vital role in risk management by identifying potential issues early and providing a basis