This document discusses key performance indicator (KPI) definition templates and how to create effective KPIs. It provides examples of different types of KPIs including process, input, output, leading, lagging, outcome, qualitative and quantitative KPIs. The document also lists common mistakes to avoid when developing KPIs, such as creating too many KPIs or not linking them to organizational strategy. Steps are outlined for building a KPI system including defining objectives, identifying key result areas, tasks, and methods for measuring results.