Key Performance Indicators (KPIs)*

Key Performance Indicators are measures of an essential performance outcome of a particular organizational performance activity or an important indicator of a precise health condition of an organization.

Value to the Process
Key Performance Indicators (KPIs) provide the foundation that allows strategic planning to answer these fundamental questions:

1. What measures will our stakeholders (both internal and external) use to determine whether we are being successful?
2. What are the most important outcomes of performance that will demonstrate our success?
3. What are the institutional factors of which we must be continually aware and attempt to control?

Fundamental Features of KPIs
To be of legitimate use in strategic planning, KPIs:

• Must be clearly defined
• Must be measurable
• Must have an identifiable and consistent method of measuring over time
• Must clearly articulate and connect to a specific goal that the university wishes to achieve or a direction it wishes to head

Use of KPIs
By the end of the strategic planning process, every Strategic Direction will have a set of KPIs that will be reviewed on a regular basis to evaluate the status of achievement of each Direction.

View Potential Key Performance Indicators in FSU's Draft Strategic Plan.

* The concept of "Key Performance Indicators" is credited to D. Rowley, H. Lujan, and M. Dolence (1997), in Strategic Change in Colleges and Universities: Planning to Survive and Prosper (San Francisco: Jossey-Bass). Information on this page is quoted from or otherwise attributed to their work.