A high performance management system provides an integration of different activities to create a performance management cycle.
Key Performance Indicators
Key Performance Indicators (KPIs) are critical performance measures that are important to the business. Targets can be set for improved KPI responses; however, care must be exercised with both KPI measurement tracking and the setting of KPI goals.
So that the most appropriate behavior results, KPIs tracking needs to view that the metric is the result of processes that have variability. Organizations benefit when they use an Integrated Enterprise Excellence (IEE) 30,000-foot-level metric tracking approach for the reporting of KPIs. This high-level metric reporting approach separates the typical variability of a process-output response from unusual events. In addition, 30,000-foot-level reporting of KPIs provides a predictive process-output response for stable processes.
If a KPI 30,000-foot-level futuristic response is undesirable, process improvement efforts are need to enhance the response. Statistical indication that an improvement has been made from process-enhancement work is when an enhanced performance response is indicated in the 30,000-foot-level chart.
KPI dashboard software that reports process performance metrics in a 30,000-foot-level format has many advantages over traditional reporting approaches.
This KPI reporting video of a free app resolves commonplace control chart, process capability, and KPI reporting issues.
A kaizen blitz approach to improve a KPI measurement or process output measured response that benefits the business as a whole is described in the videos below.
Traditional KPI reporting and performance metrics reporting can lead to unhealthy if not destructive organizational behaviors. A 30,000-foot-level reporting 2.0 methodology with its free app overcomes these problems.
This process performance and KPI Tracking 2.0 example uses a colleague’s diabetes measurement data to illustrate an enhanced statistical-based process performance and Key Performance Indicator (KPI) tracking methodology that encourages and displays results from process enhancement efforts.
Provided is a Key Performance Indicator KPI report example that illustrates a solution to the complaint that an organization’s current KPI table of numbers and red-yellow-green scorecard reporting is ineffective and does not lead to the best behaviors; e.g., is there a current issue that needs resolving or should a process improvement effort be undertaken.
These key performance indicators examples describe a management best practice is the use of predictive KPI dashboard reporting. The following six examples illustrate the benefit of this performance management best practice approach for predictive KPI dashboard reporting.
It is important that key performance indicator (KPI) and performance measurement selection and report-outs lead to the most appropriate behaviors throughout an organization. However, this often does not happen.
Organizations need to minimize the risk of quality, delivery, and design problems with their offerings. Entities need to be measurable, auditable, sustainable, and consistent; however, if care is not exercised, executives, operations personnel, and quality departments can be making inappropriate decisions that lead to problems and/or excessive costs. Metrics and their wise application can help mitigate these risks. Risks are mitigated through two primary methods; eliminate the risk through structural or procedural changes, or create a reporting structure that is able to identify performance changes before there is a risk of impacting a customer or client. This article is about the tools and methods to introduce a reporting structure that allows a business to identify and mitigate risk before it impacts the bottom line.