Performance Index

A Performance Index is a numerical measurement that evaluates how well a person, team, or system is performing relative to set goals or standards. It consolidates various factors into a single score, making it easier to compare and track progress over time. For example, a company's sales performance index might combine revenue, customer satisfaction, and market share to provide an overall indicator of success. This helps organizations identify strengths, areas for improvement, and make informed decisions to enhance future performance.