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{{def|Key performance indicator|/kiː pəˈfɔːm(ə)ns ˈɪndɪkeɪtə/|n| | {{def|Key performance indicator|/kiː pəˈfɔːm(ə)ns ˈɪndɪkeɪtə/|n| | ||
[[File:Richard Scarry.jpg|450px|thumb|center|A [[middle manager]]’s big book of fun concepts, yesterday]] | [[File:Richard Scarry.jpg|450px|thumb|center|A [[middle manager]]’s big book of fun concepts, yesterday]] | ||
}}A [[metric]]. A [[box-ticking|box to tick]]. A [[second-order derivative]] used to explain a [[complicated]] concept to | }}A [[metric]]. A [[box-ticking|box to tick]]. A [[second-order derivative]] used to explain a [[complicated]] concept to an [[administrator]] who has no background or hope of understanding it, so {{sex|he}} can ''quantify'' it. | ||
[[KPI]] is rather like an audio-description soundtrack, designed to explain a film to a blind accountant. | |||
So, for a contracts [[negotiator]], cast adrift upon an ocean of policies, [[playbook]]s, procedures, approval processes to reach agreement which achieves the firm’s trading objectives while protecting its exposure to its counterparties, [[key performance indicator]]s will be not the ''quality'' of the agreed termination events nor the validity of the security package, much less the practicality of margining arrangements, the sensitivity of the [[NAV trigger|NAV triggers]] or the robustness of the [[indemnity]], but ''how many contracts she has completed and how quickly she managed it.'' | |||
===[[KPI]]s and the [[modernist]] way=== | |||
As a [[Second-order derivative|quantified abstraction of an intractable activity]], we can see [[key performance indicator]]s as tools from the [[modernist]] [[playbook]]. “I do not understand this bizarre pantomime by which [[subject matter expert]]s pass their time, so I will reduce it to it countable operations. I can understand those. I can count them.” | As a [[Second-order derivative|quantified abstraction of an intractable activity]], we can see [[key performance indicator]]s as tools from the [[modernist]] [[playbook]]. “I do not understand this bizarre pantomime by which [[subject matter expert]]s pass their time, so I will reduce it to it countable operations. I can understand those. I can count them.” | ||