Performance metrics are measurable values that help organizations assess how well they are achieving their goals. These metrics can include various indicators, such as sales figures, customer satisfaction scores, or production efficiency. By tracking these numbers, businesses can identify areas for improvement and make informed decisions to enhance their overall performance. In the context of project management, performance metrics are essential for evaluating the success of a project. They provide insights into timelines, budget adherence, and resource allocation. By analyzing these metrics, teams can ensure they stay on track and meet their objectives, ultimately leading to better outcomes and increased stakeholder satisfaction.