Picking Key Performance Indicators (Kpis) For A Company

Selecting the Metrics and Targets for Your Company's Goals

What you'll learn

Identify your company's critical success factors

Recall the benefits of KPIs to improve company performance

Select a set of metrics for your company

Set targets for each key performance metric

Requirements

None

Description

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. *KPIs improve a company’s performance by increasing:· Focus· Clarity· Alignment· Speed of Feedback· Communication· Motivation· PerformanceThis course covers:· The benefits and roles of KPIs· Defining your critical success factors· How to pick a set of metrics that define success for your business· Setting targets that motivate superior business performance· The pros and cons of stretch targetsI'll walk you step-by-step through how to pick metrics and set targets. You'll also get these resources:Text version and slide deck of the course to take notesPotential Key Metrics worksheet Prioritization pack to help you prioritize company goals and tasksKPI List Worksheet that walks you through the steps of building metrics and targetsWays to Project Numbers - A short guide of methods for projecting numbersThe instructor has developed Key Performance Indicators (KPIs) and KPI dashboards for small entrepreneurs to a $2 billion company. He is also the author of Key Performance Indicators and KPI Dashboards.To learn more about building KPI dashboards and managing with them, check out my course on Implementing Key Performance Indicator (KPI ) Dashboards.* From The State of Performance Improvement and Key Performance Indicator Practice Report by The KPI Institute

Overview

Section 1: Picking Key Performance Indicators (KPIs) for a Company

Lecture 1 Welcome and Overview

Lecture 2 Text Version of the Course

Lecture 3 The Basics and Benefits of KPIs

Lecture 4 Critical Success Factors

Lecture 5 Types of Metrics

Lecture 6 Sample Metrics to Consider

Lecture 7 Potential Key Metrics

Lecture 8 Measuring Metrics

Lecture 9 Picking a Set of Metrics

Lecture 10 Picking Metrics - The Process

Lecture 11 Prioritization Pack

Lecture 12 Select the Key Metrics to Monitor

Lecture 13 Specify How to Measure KPIs

Lecture 14 Setting Targets

Lecture 15 Periodic Targets

Lecture 16 Ways to Project Numbers

Lecture 17 Should You Set Stretch Targets?

Lecture 18 Set Targets - The Process

Lecture 19 Set Targets for Key Metrics

Lecture 20 Bonus Lecture

Business employees who set performance goal and metrics,Business advisors who help companies set performance goals and metrics