KPIframeworks
KPI frameworks are structured approaches for defining, selecting, managing, and evaluating key performance indicators that reflect an organization’s strategy and objectives. They translate strategic goals into measurable targets and provide a repeatable process for tracking progress, making performance data actionable, and guiding decision making.
Core components typically include a KPI catalog, formal definitions with calculation methods, data sources, measurement cadence,
Common frameworks and approaches include the Balanced Scorecard, which connects financial and non-financial metrics to strategy;
Implementation typically follows steps such as clarifying strategy, identifying critical success factors, designing the KPI structure,
Benefits of KPI frameworks include improved strategic alignment, accountability, and data-driven decision making. Common challenges involve