Term of the Day
“Critical Success Factor”
Definition — What is CSF?
Critical Success Factor (CSF) is a management term, also known as Key Success Factors or Key Result Areas. The term "CSF" was initially used in the world of data analysis and business analysis. In business, CSF is referred to specific activities, procedures, or areas that are necessary for an organization or project to achieve its mission and for its continued survival. CSF's are unique to each organization and these are required to ensure the success of a project or an organization. These key factors reflect the current business and future goals of an organization. Many business process improvement systems seek to identify the critical success factors of a product, service, or business as a whole. Typical CSFs might be the need to control costs, increase marketing conversions or make a better product.