What are key performance indicators primarily used for in the context of ADB's initiatives?

Key performance indicators (KPIs) are fundamental tools used to measure and evaluate the effectiveness of development projects within the context of the Asian Development Bank's initiatives. They provide quantifiable metrics that help assess how well a project is meeting its objectives and achieving its intended impacts. By establishing specific, measurable criteria, ADB can track progress, identify areas needing improvement, and make informed decisions about project adjustments or resource allocations.

This focus on effectiveness is crucial for ensuring that projects not only deliver outputs but also contribute to positive outcomes in the communities they serve. KPIs facilitate greater accountability and transparency, allowing stakeholders to understand the successes and challenges of various initiatives.

While other aspects, such as deadlines, resource determination, and stakeholder involvement, may be important to project management, they do not capture the essence of evaluating a project’s impact and success. Therefore, the primary function of KPIs aligns closely with measuring and evaluating project effectiveness.