In a survey of businesses that used KPIs, 68% of respondents noticed a positive impact on their business development after implementing a KPI Framework. Further, 43% of respondents noted improvement, defined as being able to 'objectively evaluate the level of results achievement. *
A KPI dashboard cuts through the clutter of numbers so a company can monitor the most important measures of its success. Business leaders can quickly see if they need to make changes or celebrate successes. Each KPI helps assess whether the business is achieving its business strategy.
KPIs improve a company’s performance by increasing:
- Focus
- Clarity
- Alignment
- Speed of Feedback
- Communication
- Motivation
- Performance
This course covers:
- The benefits and roles of KPIs
- How to pick a set of metrics
- Setting targets
- The components of a KPI dashboard
- Pros and cons of using spreadsheets, data visualization software, or dashboard software
- Sample dashboards and metric displays
- The process of implementing KPIs
- Tips for managing with KPIs
- Pros and cons of using KPIs to set compensation
* From The State of Performance Improvement and Key Performance Indicator Practice Report by The KPI Institute
Course Publication Date:
August 30, 2022
This course is available with
NO ADDITIONAL FEE if you have an active
self study membership or
all access membership or can be purchased for
$25.00!
| Author: | Rob Stephens |
| Course No: | FIN-KEYTB-90062 |
| Recommended CPE: | 2.50 |
| Delivery Method: | QAS Self Study |
| Level of Knowledge: | Basic |
| Prerequisites: | None |
| Advanced Preparation: | None |
| Recommended Field of Study: | Finance
Webinars - On Demand
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Learning Objectives
- Identify the characteristics of effective KPIs.
- Recall the benefits of KPIs and KPI dashboards.
- Distinguish software options for building KPI dashboards.
- Recall the steps in implementing KPIs.