Learn how to create effective KPIs and utilize them in a world-class dashboard.
Getting the right KPIs displayed in a simple but impactful manner can significantly improve the bottom-line results of any company. Yet companies struggle in this area because they have too many or too few, accuracy is questionable, the frequency isn't good enough, and they are not displayed in a manner that is easy to understand and effectively utilized. To understand how to create effective KPIs and utilize them in a world-class dashboard, you need to understand three things: Where do most organizations fail in this area? Gain an understanding of common pitfalls that organizations fall into concerning KPIs and Dashboards and how to get around them. What to measure? We will share how to choose the correct number and type of KPIs to drive performance while ensuring that we are not encouraging behaviors that do not align with overall business goals. How to display it? Once you have the correct KPIs measured appropriately, you need to put them into a dashboard. How this is displayed is critical to the adoption and effectiveness of your KPIs. You will see some examples from world-class companies on how best to do this.
Learning Objectives
- You will be able to identify the three types of companies and which one your company falls into.
- You will be able to identify the Rule of 1 and where data needed to create a KPI must come from.
- You will be able to differentiate leading indicators versus lagging indicators.
- You will be able to recognize the tools needed to create an effective KPI.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Common Challenges and Pitfalls When It Comes to Creating KPIs
Best-Practices Road Map for How to Create the Fewest, Most Meaningful KPIs for an Organization or Department
Real Client Dashboards and the Elements That Make Them Easy and Impactful
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More Program Information
Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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OnDemand Course
This course was last reviewed on January 31, 2024.
Call 1-866-352-9540 for further credit information.
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CPE/NASBA - QAS Self Study 1.8 including Management Services 1.8
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Andrew Rush
Carpedia
- Vice President at Carpedia
- History of improving financial results through optimizing the collaboration of teams and developing more effective senior leaders
- Focusing on the culture and behaviors required to be successful
- Has held leadership positions in companies with 25 to 1,200 employees, in unionized and non-unionized environments for both publicly traded and privately held firms
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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