Key Performance Indicator
A Key Performance Indicator (KPI) is a measurable metric that helps track the progress and performance of a specific goal or objective. In product management, KPIs are essential for evaluating the success of a product or feature. They provide valuable insights into user engagement, revenue generated, customer satisfaction, and other key areas. Just like a speedometer in a car, KPIs give you real-time data on how well your product is performing and whether it's on track to meet its targets. By monitoring KPIs, product managers can make data-driven decisions to improve the product and optimize its performance.