Which one is not an example of qualitative KPIs you could track:Group of answer choicesStakeholder satisfactionCostStakeholder engagementTimeSafety
Question
Which one is not an example of qualitative KPIs you could track:
- Group of answer choices
- Stakeholder satisfaction
- Cost
- Stakeholder engagement
- Time
- Safety
Solution
The KPI that is not qualitative is Cost.
Here's why:
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Qualitative KPIs are non-numerical measures used to assess the quality of a project, process, or task. They are often subjective and can be based on personal judgement.
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Stakeholder satisfaction and Stakeholder engagement are examples of qualitative KPIs. They are based on subjective measures such as surveys or interviews to gauge how satisfied or engaged stakeholders are with a project or process.
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Safety can also be a qualitative KPI, as it can be measured by assessing the quality of safety procedures, safety culture, or the perception of safety within an organization.
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On the other hand, Cost is a quantitative KPI. It is a numerical measure that can be objectively measured and tracked over time. It provides a clear, numerical value that can be used to assess the financial performance of a project or process.
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Similarly, Time is also a quantitative KPI. It can be measured in hours, days, weeks, or any other unit of time to assess the efficiency or productivity of a project or process.
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