performance metric
/pər.fər.məns mɛˈtrɪk/ · per.form.ance met.ri.c
noun
- A quantifiable measure used to evaluate the performance of a system, process, or individual. The company uses several performance metrics to track employee productivity and efficiency.
noun
- A standard or benchmark used to assess the quality or effectiveness of a product, service, or project. The development team used a set of performance metrics to ensure the new software met the required standards.
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Did you know? The use of performance metrics has become increasingly important in modern business, as it allows companies to make data-driven decisions and optimize their operations for maximum efficiency and effectiveness.