This document discusses key performance indicator (KPI) standards and how to create effective KPIs. It provides information on different types of KPIs, including process, input, output, leading, lagging, outcome, qualitative and quantitative KPIs. The document also outlines common mistakes to avoid when developing KPIs, such as creating too many KPIs or not linking them to organizational strategy. Additionally, it provides steps for building a KPI system, including defining objectives, identifying key result areas, and determining methods to measure results.