In an office setting, what does the term “KPI” commonly stand for?

KPI (Key Performance Indicator) is a measurable value used in an office or business environment to assess the performance and progress of an employee, team, department, or organization toward specific goals. KPIs help management determine whether targets and objectives are being achieved effectively. Common examples include sales revenue, customer satisfaction, employee productivity, project completion rate, response time, and attendance. By monitoring KPIs regularly, organizations can identify areas that require improvement, make informed decisions, and track overall performance over time.