Key performance indicators play an indispensable role in project management and aid in measuring the success or failure of project activities. Understanding KPIs and selecting the ones that are best-suited to measuring a specific project team’s performance is not always easy.

Key performance indicators (KPI) serve an essential role as a key measure of how effectively a project has performed in relation to identified, required and agreed-upon strategic objectives. Without KPIs, determining the success of projects and project activities is a guessing game, with no way to quantify goal attainment.

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