“If you can’t measure it, you can’t manage it.”
Key Performance Indicators (KPIs) help businesses understand how well they are performing in relation to their business goals and
Business Measures – KPI’s serve to reduce the complex nature of business performance to a small number of key indicators, in order to make performance more understandable and digestible.
This is the same approach we use in our daily lives. For example, when you go to your doctor he might measure blood pressure, cholesterol levels, heart rate and your body mass index as key indicators of your health. With KPIs we are trying to do the same in our businesses.
There is further information available on this web site to help you with your introduction of Measurements or KPI’s as they are also termed into your workplace.
Here’s just a few reasons why you need to get the Business Measures – KPI’s
In practice, the term Measurements or KPI’s is too loosely defined. For many it describes any form of measurement data and performance metrics used to measure business performance.
Instead of clearly identifying the information needs and then carefully designing the most appropriate indicators to assess performance, this can be termed the ‘ICE’ approach.
If you require any further information or support with your introduction of Measurements or KPI’s the team from Smartworxs will help you, please contact us.