Key performance indicators do a lot more than provide ratios for measuring progress and success. Key performance indicators play an indispensable role in project management and aid in measuring success or
failure of project activities.
Key performance indicators serve as a key measure of how effectively project or project activities have performed in relation to identified, required, and agreed-to strategic objectives. Without KPIs, the success of projects and project activities is simply a guessing game, with no way to quantify goal attainment.