Which of the following statements below regarding Key Performance indicators (KPIs) are true?
Which of the following statements below regarding Key Performance indicators (KPIs) are true?
KPIs are most effective when they are standardized throughout an organization, allowing for consistent and comparable measurement across different departments or business units. This standardization facilitates easier correlation, alignment, and benchmarking, making it possible to gain a cohesive view of performance relative to strategic goals.
KPIs should be standardized throughout the organization to ensure consistency and comparability. This allows for easier correlation and benchmarking across different departments or business units.
Question is insufficient. It must say MOST or BEST as it includes more than one true answer. Here we can see C is the most suitable argument.
the only true i see here is, that KPIs must be quantified
KPIs are quantifiable measures that are developed collaboratively to align with strategic goals, and while they are primarily quantitative, they can also reflect qualitative aspects of performance.
None of the provided statements accurately capture the full nature of KPIs. The correct approach involves collaboration in development, a combination of quantitative and qualitative measures, and both standard and domain-specific KPIs as appropriate to the organization’s needs.