KRA and KPI - developing KPI, we must develop KRA first?

I am in confusion about KRA and KPI. One of my friends told me that without KRA, KPI will not work. So developing KPI, we must develop KRA first. If I develop KPI for the organization from Mission, Vision, and objective and then cascade down for the department as well as individual, will it be wrong? If I can do that, defining KRA is not necessary. On the other hand, there will be a relation between KPI and Dashboard.
Is there anybody to help me to overcome from this problem?

Dear friend,
Confusion of KPIs and KRAs is not new amongst HR professionals. That is why I have uploaded two videos on Youtube. Click the following links to watch:

https://www.youtube.com/watch?v=NMEj...1Wzb_g&index=5

https://www.youtube.com/watch?v=fTe8Pu6yioo&t=3s
Click the following link to download my audio message on PMS:
https://drive.google.com/file/d/0BwF...ew?usp=sharing
Thanks,
Dinesh Divekar

Thank you, sir, for your you nice presentation......

Dear HR's, This is Merwin From Chennai & am newly joined in HealthCare institution, kindly help me to create a Key Performance Indicator in Healthcare Industries, Anyone have a format of KPI, kindly share it and guide me on how to create it.

Thanks & Regards
Merwin

The subject comes for discussion time and again. You may refer the following link:

https://www.citehr.com/555289-kra-kp...ml#post2290862

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Regards,
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