What's the difference between key performance indicator and performance measure?

Key performance indicators (KPIs) measure how well an organization or individual performs an operational, tactical, or strategic activity that's critical for the current and future success of the organization.

Examples are: Period-to-Date (PTD) Actual Spent Labor Effort Percentage, PTD Actual Spent Equipment Effort Percentage, and PTD Actual Margin Percentage.

Performance measures are singular data elements defined by a specific account, scenario, and time dimension combination. For example, the performance measure, Quarter-to-Date (QTD) Forecast Labor Effort, references the account of labor hours, in the scenario of primary forecast, and the quarter-to-date time dimension.

A KPI is created based on a performance measure, and specifies how a performance measure value is interpreted using threshold levels. For example, the KPI PTD Actual Spent Equipment Effort is based on the measure actual spent equipment effort.