Task KPIs (Key Performance Indicators) are analytics measures that determine a task’s performance in critical areas such as accuracy, timeliness, completeness, cost, and speed. KPIs reflect the task’s progress (or regress) towards accomplishment of its goals. They also explore factors that cause the task’s success or failure.
Task KPIs uses math algorithms and task attributes to perform calculations. They provide essential results that can be used in improving task analytics. For example, various charts and diagrams use KPIs as the input data for visualizing tasks by various measures and parameters.
KPIs are widely used in task management to explore current status of tasks, understand performance bottlenecks and develop correction plans. They also provide inputs for activity planning and forecasting. For example, Actual Time vs. Planned Time is a KPI that tells if current task plans are effective and what time deviation needs to be taken into account in forecasting of new plans.
Here are some examples of task KPIs among a variety:
- Total Cost of Tasks
- Actual Time vs. Planned Time
- Percentage of Neglected Tasks
- Task Completion Rate
- Average Overdue Time of Tasks
- Task Efficiency
- Task Utilization
Average Schedule Completion Effectiveness.