What type of indicators are used to assess historical performance at the end of a time period?

What type of indicators are used to assess historical performance at the end of a time period?

• A. Leading indicators
• B. Key Performance Indicators
• C. Key Results Indicators
• D. Operational Indicators

Answer: (C)

The choice of Key Results Indicators is appropriate because these indicators focus specifically on outcomes and results that have already been achieved at the end of a specified time period. They provide a retrospective look at performance, enabling organizations to evaluate how well they met their objectives and targets. Key Results Indicators typically summarize the effectiveness and success of various initiatives, often relating directly to goals and benchmarks set by the organization. By analyzing these indicators, management can gauge progress and make informed decisions about future strategies and operations, based on a clear understanding of past performance. Leading indicators, on the other hand, are predictive and focus on future performance rather than historical assessment. Key Performance Indicators, while also relevant, are broader and can include both results-oriented and operational measures. Operational Indicators typically deal with daily operations and processes rather than assessing overall historical performance in terms of results achieved.

The choice of Key Results Indicators is appropriate because these indicators focus specifically on outcomes and results that have already been achieved at the end of a specified time period. They provide a retrospective look at performance, enabling organizations to evaluate how well they met their objectives and targets.

Key Results Indicators typically summarize the effectiveness and success of various initiatives, often relating directly to goals and benchmarks set by the organization. By analyzing these indicators, management can gauge progress and make informed decisions about future strategies and operations, based on a clear understanding of past performance.

Leading indicators, on the other hand, are predictive and focus on future performance rather than historical assessment. Key Performance Indicators, while also relevant, are broader and can include both results-oriented and operational measures. Operational Indicators typically deal with daily operations and processes rather than assessing overall historical performance in terms of results achieved.