Executable Pre-conceptual Schemas for Representing Key Performance Indicators

KPIs (key performance indicators) are sets of measures for assessing organizational performance and fulfilling organizational strategic objectives. Such measures are useful for achieving organizational success. Therefore, a good representation of KPIs is required; a good knowledge representation should exhibit the following features: (i) proficiency in computational tractability; (ii) clear and accurate syntax; (iii) clear and accurate semantics; (iv) stakeholder understandability; and (v) extensibility. Several approaches have been proposed for representing KPIs; however, they are incomplete; and they exhibit some of the aforementioned drawbacks. In this paper we propose an executable pre-conceptual schema to achieve an appropriate knowledge representation of KPIs. This work demonstrates the benefits of using such a schema by developing a case study, and by providing a comparison of our proposal against relevant studies aimed at representing KPIs.