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eight minutes for an operational management person and the difference has nothing to do with any sort of difference in knowledge base It has to do with the types of data The C level, they are looking to get the information that they need and then go manage and grow the business They don t get the big bucks for sitting and taking hours out of their day to understand the metrics of their business Their responsibilities are to run the business so the two to three minutes is all they can afford or their time is not being spent wisely As for the operational management this person is going to have a more detailed dashboard with more specific information around the execution of their business processes and therefore will require more time to understand and probably start to dig deeper into the details and statistics behind the information This could also link to having additional drilldown reports available linked to this dashboard or possibly drill-through reports that could be used So, let s not take our time and develop a dashboard that makes you feel as though you re sitting for the SATs each time you go to read it
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Required Details of the KPIs
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When it comes to actually developing KPIs, we need to approach this from several angles But the first item of business is to define what a KPI is for your business users Wikipedia, referencing F John Reh, explains key performance indicator as a measure of performance Such measures are commonly used to help an organization define and evaluate how successful it is, typically in terms of making progress towards its long-term organizational goals KPIs can be specified by answering the question, What is really important to different stakeholders KPIs may be monitored using Business Intelligence techniques to assess the present state of the business and to assist in prescribing a course of action The act of monitoring KPIs in real-time is known as business activity monitoring (BAM) KPIs are frequently used to value difficult to measure activities such as the benefits of leadership development, engagement, service, and satisfaction KPIs are typically tied to an organization s strategy using concepts or techniques such as the Balanced Scorecard Well, that just about sums it up, right We could, and people do, sit and battle over what a KPI is for hours on end I ve tried many times to get agreements around what KPIs are for a specific company with varying success Have you ever tried to meet with your divisional managers and once you have them all in a room try to get a standard set of KPIs from them and then get some sort of agreement on what they are You would spend your entire professional career trying to do something like that Sure, each division may be selling some unique product line or have some exceptions to the rule in terms of KPI information but within a company there has to be some set of performance indicators that can be quantified so that we can take those and start to drive the business as a whole; then once those KPIs are defined, using the exceptions to the rule for each division to help drive, at a more granular level, the additional products or services that are key to that line of business It gets even more difficult if the KPIs are linked to monetary gains and everyone has to agree not only on the KPI itself but on the calculations that are taken into account for the value of that KPI Quite the show when it comes to that aspect of the KPI connection but this starts us into a discussion that is more associated to a Balanced Scorecard rather than a dashboard So the dashboard is more of a display of information that has happened and hopefully helps
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