Lagging indicators measure current production and performance, whereas leading indicators advise business leaders on how they can achieve desired results.
In project management, what are leading and lagging indicators?
The terms "lagging" and "leading" indicators are frequently used in project management. Typically "output" focused, lagging indicators are simple to track but challenging to enhance or influence. On the other hand, leading indicators seem to be typically "input" focused, harder to measure but easier to influence.
An economic data point or set that may predict future economic movement or change is known as a leading indicator. Economic leading indicators can be used to anticipate and forecast upcoming market and business trends and events.
Therefore, A lagging indicator is simple to measure but challenging to change, in contrast to a leading indicator that is dynamic but challenging to measure.
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