Question: Provide the sample of answer for the table Key Performance Indicators (KPIs) should be specific, measurable, achievable, relevant and time- bound (SMART) so it is

Provide the sample of answer for the table

Provide the sample of answer for the table Key
Key Performance Indicators (KPIs) should be specific, measurable, achievable, relevant and time- bound (SMART) so it is clear on what needs to be delivered, by whom and the quality is expected. The following are examples of common KPIs in contracts:| Reporting KPI Stretch Reason for Indicator Target Target Period Achievement To measure estimated Quarterly of contract savings driven from the S S+ cost savings project Analysis Customer or To measure customer 80% satisfied 80% very Quarterly business satisfaction satisfaction satisfied Survey Assess level of To measure compliance %+ with contract % compliant compliance compliance Quarterly requirements Operational To measure average time AVE. Time AVE. Time efficiency to deliver key services (e.g. 3 days) (e.g. 1 day) Quarterly Level of spend To measure contract spend as opposed to off- 95% 99% under contract Quarterly contract spend Service To measure and 5% 10% improvement incentivise continuous improvement Quarterly achieved improvement improvement

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