5 Basic KPI Formulas to Quantify Performance Measures - Stacey …
Feb 14, 2023 · Basic KPI formula #2: Percentages. Percentages are counts of the number of things or people in a population that exhibit a particular feature, divided by the total population size and multiplied by 100: Percentage of customers who are satisfied. Percentage of employees that were injured at work. Percentage of sales calls that resulted in a sale.
Answers To The Most Common KPI Questions That People Ask
they are leaders, managers, strategy and performance professionals, project managers, business analysts and consultants. You might be surprised to learn that most of the KPI questions that people ask are very similar, irrespective of their sector, industry, culture or size. And the top questions are listed – and answered – below.
How to Set KPIs, Metrics and Performance Measures - Stacey Barr
Step 1: Get very clear about what a KPI or performance measure truly is, and isn’t. Step 2: Evaluate your existing KPIs and performance measures to decide what to keep and what to cull. Step 3: Make sure your goals are measurable before you develop performance measures. Step 4: Don’t use brainstorming to set KPIs!
How to Set a KPI Baseline to Monitor Improvement
Jan 10, 2018 · And the method to set your KPI baseline will depend on the maturity of you KPI. In some cases you can use historic data to set the baseline. But in other cases, you might need to collect some data for a while before you can set it. Let’s explore how to set a KPI baseline for three common scenarios: a brand-spanking new KPI with no data yet
How to Forecast KPIs and Performance Measures - Stacey Barr
Nov 20, 2018 · Next, gather the data and information for the result KPI and the influencing factors. To build a quantitative model to forecast our KPI, we need historic data. It’s patterns from the historic data that then get quantified into a predictive formula. Clearly, the more historic data we can find about our KPI and measures of it’s influencing ...
What Happens if We Don’t Measure Performance? - Stacey Barr
Jul 9, 2019 · Without measuring performance, we suffer in uncertainty and lack of self-efficacy. Our decisions will be sabotaged by anecdotal evidence, like opinions, hearsay, and biased data. Without measuring performance, any attempt at using data will be trivial. We won’t have the skill to measure, so will choose the wrong data, misinterpret it and ...
About the PuMP Approach to Performance Measurement and KPIs …
The PuMP Blueprint is a framework to redesign your performance measurement process. Performance measurement is a process, or a series of steps. It’s not a brainstorming session and it’s not a dashboard implementation. It’s not a report. Good performance measurement is a deliberate methodology to choose, implement and use quantitative KPIs ...
When to Make Your KPI a Count, a Percentage, or an Average
Feb 16, 2016 · Upcoming KPI Training >> North America, Online Interactive, 4-8 November 2024 >> Africa, Johannesburg SA, 13-15 November 2024 >> UK & Europe, Online Interactive, 9-13 December 2024 >> Australia/NZ/Asia Pacific, Online Interactive, 12-13 & 17-19 March 2024
Aligning and Cascading KPIs - Stacey Barr
Step 2: Consider relationships between KPIs beyond cause-and-effect. Step 3: Create a visual model of how KPIs relate to goals, at each level in the organisation. Step 4: Help everyone see how their work aligns to the KPIs and goals. Step 5: Use the KPI alignment to improve performance with more leverage. Bonus: Learn more about aligning and ...
What Are Benchmarks, Baselines, Targets And Standards?
Oct 8, 2013 · Upcoming KPI Training >> North America, Online Interactive, 4-8 November 2024 >> Africa, Johannesburg SA, 13-15 November 2024 >> UK & Europe, Online Interactive, 9-13 December 2024 >> Australia/NZ/Asia Pacific, Online Interactive, 12-13 & 17-19 March 2024