lykilverðmæti

Lykilverðmæti, also known as "key performance indicators" (KPIs) in English, are quantifiable measurements used to evaluate the success of an organization or of a specific activity within the organization. They are crucial for tracking progress towards strategic goals and for making informed decisions. KPIs are typically selected based on their relevance to the organization's objectives and are regularly monitored and analyzed. Common examples of KPIs include financial metrics such as revenue growth, profit margins, and return on investment, as well as operational metrics like customer satisfaction scores, employee productivity, and inventory turnover rates. Effective KPIs should be specific, measurable, achievable, relevant, and time-bound (SMART). By setting and tracking KPIs, organizations can ensure they are on the right path to achieving their goals and can make data-driven decisions to improve performance.