View source for Key performance indicator (KPI)

==Background==
The construction industry, in comparison to other industries, is in general considered to be underperformed, regularly involving postponements and errors throughout the process. When determining the development in a country it is common to measure this by the development of their infrastructure.<ref name="Performance Indicators"> Performance indicators for successful construction project performance. Roshana Takim, Akintola Akintoye. d. 03.03.2019 from https://www.researchgate.net/profile/Roshana_Takim/publication/284823994_Performance_indicators_for_successful_construction_project_performance/links/57c0142208aeda1ec386ce20.pdf </ref>It is therefore crucial for a country to have an effective and efficient construction process, depending on a high quality of financial, technical, organisational, and managerial movements. In order to deliver a successful project, there are many factors to take into consideration. The management is the basis of a project or portfolio, and it is, therefore, significant to distinguish the orientation of the project at an early stage. <ref name="Key Performance Indicators"> Key Performance Indicators Developing, Implementing, and Using Winning KPIs. David Parameter. ISBN 9780470095881. </ref>  A KPI is a measurable value that demonstrates how effectively a company is achieving key business objectives, used at multiple levels to measure the overall performance. 

===Definition of Project Management===
To be able to define project management, it is necessary to identify a definition of a project. According to the Project management institute, a project is a temporary scope of work with a defined beginning and end time. Every project is unique and it is therefore impossible to determine a standard routine operation. However, it is more specifically related to sets of operations to accomplish a particular goal. A project team is often involved with people they are not familiar with in terms of work, often gathered from different organizations with different sets of expertise. Project management is the application of knowledge, skills, tools, and techniques to project activities to meet the project requirements.<ref name="What is project management?"> What is project management?. Project management institute. d. 17.02.2019 from https://www.pmi.org/about/learn-about-pmi/what-is-project-management </ref> The ideal plan of a project manager is to identify the critical metrics of the project. KPIs in project management are significant metrics that guide the project in the right direction and makes it easier for the parties involved in the project to track their performance. <ref name="Project management"> Project management 2.0: leveraging tools, distributed collaboration, and metrics for project success. Harald R. Kerzner. ISBN 978111899125. </ref>