Business key performance indicators—KPIs
Industry requires CPA measures from the beginning. Scientific results describe the loop quality in some, often artificial domains. On the other hand, industry requires simple and straightforward numbers, that are monetary or can be easily translated into currency measures. It is caused by the fact that any decision upon process improvement is taken using financial incentives with the Return Of Investment as the main measure. This chapter describes business approach to the Key Performance Indicators (KPIs). They are often custom and specific, but they describe the control quality in simple verbal form. As the drawings are the most popular way for data exchange by engineers, the visualization aspect plays an important role in the industrial approach.
|Book||Domański Paweł: Control Performance Assessment: Theoretical Analyses and Industrial Practice, 2020, Springer, ISBN 978-3-030-23592-5, 367 p., DOI:10.1007/978-3-030-23593-2|
|Score||= 20.0, 27-08-2020, MonographChapterAuthor|
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