But that metric might not be a key performance indicator.

Example of kpi vs metric. As you can imagine the most important KPI is the same metric that you are using for your goal since it is the clearest indicator of progress. The first manufacturing KPI example for operational metrics is the production volume. How to Write Good KPIs.

With a KPI youre also looking for some movement or action in other words whats the key thing you want to happen to this metric. And once a metric is included in the performance management it becomes a KPI. Therefore a measure experimented in time is referred to as a metric.

Revenue per square foot same-store sales sales per employee. What is a Metric. Attrition rate employee performance average recruitment time.

In the simplest form a metric means a category of quantifiable data. However training costs should not be limited to new hires more and more workers. You can experiment and try new things.

Customer lifetime value sales revenue calls made. In this example the measure is dollars ie. But within the team there.

The easiest way to understand the difference between metrics and KPIs is to first define them both as a quantifiable measurement of a strategic or tactical activity. For example a metric is measuring data which is business as usual. Increase the new acquisitions from 50 per month to 65 per month.