What is KPI and KRA?

KRA. Meaning. Key performance indicator (KPI) means a mechanism used to represent how well the company is able to reach the business goals. Key result area (KRA), alludes to the sector of outcome within the business organization, for which the department or unit is responsible.

How do you monitor key performance indicators?

The most common tool for tracking KPIs is web analytics. Google Analytics is able to track a myriad of data, from website performance to new subscribers, to sales.

How to calculate key performance indicators?

How to Calculate KPI Understanding Data Counts. Counts are simple numeric values and are the easiest to calculate. Measuring with Percentages. Percentages elaborate off counts by dividing the number of people or things that exhibit a target characteristic by the total population size. Sums or Totals. Averages of Data. Ratios to Compare Numbers.

How do you measure key performance indicators?

Finding your specific performance measures. To find the right measures for your key performance indicators (KPIs), focus on the areas and elements of your business performance that make you successful or profitable. For example, a manufacturer that produces and sells low-cost goods in high volumes might measure the production line speed.

What KPI do you use to measure performance?

Gross profit margin. Your gross profit margin provides you with a percentage,indicating how much of your revenue is profit after factoring in expenses like the cost of production

How do I create key performance indicators?

In the measure grid, right-click InternetCurrentQuarterSalesPerformance > Create KPI. In the Key Performance Indicator (KPI) dialog box, in Target select Absolute Value, and then type 1.1. In the left (low) slider field, type 1, and then in the right (high) slider field, type 1.07.