performance indicator

/pərˈfɔːrməns ˈɪndɪkeɪtər/
noun phrase★Intermediate
◆ What It Really Means
Not applicable (literal meaning).
Literal Meaning
A measurable sign of how well something is performing.
Literal Breakdown
performanceThe act of carrying out a task or activity.+indicatorA signal or measure that provides information.
◇ Mental Image
A dashboard with gauges and metrics showing progress.
◈ When to Use
A manager reviews quarterly performance indicators to assess team productivity.
◉ Cultural Note
Performance indicators are widely used in corporate and organizational settings to drive accountability and improvement.
💼Business💰Finance
formaltechnical

A measurable value used to evaluate the success or progress of an activity, process, or organization.

The company uses key performance indicators (KPIs) to track its financial health.

The team monitors its performance indicators to assess project efficiency.

💡

Performance indicators are often quantitative and used in strategic planning and decision-making.

Collocations

key performance indicatorA critical metric used to measure success.track performance indicatorsTo monitor and record these metrics over time.

Synonyms

Antonyms

Related Phrases

key performance indicator (KPI)phrase
A specific type of performance indicator used to measure critical success factors.

💡Pro Tip

Choosing Effective Indicators

Select indicators that are measurable, relevant, and aligned with organizational goals.

⚡Gold Rule

SMART Criteria

Performance indicators should be Specific, Measurable, Achievable, Relevant, and Time-bound.

📖Word Origin

Derived from 'performance' (execution of tasks) and 'indicator' (a sign or measure).

📝Usage Notes

Performance indicators are commonly used in business, finance, and project management to assess outcomes.

Word Breakdown

performance
The execution or outcome of an activity.
root
+
indicator
A sign or measure that provides information.
root
English Dictionary