The Importance of Performance Measurement

The following article will demonstrate how that business intelligence team can be achieved.

Project A

As the client, you need to decide what performance measure you need and then have an agreed way of collecting it, so that business intelligence team users are able to benefit from the information and identify the cause of the performance problem.

Hang on a minute, isn’t this the same sort of information we’ve been talking about, only now we’re talking about operational information that relates to investment which managers consider as essential to managing their budgets and resources.

Project B

To give an example:

Client K is running a brand new product development project that intends to produce a new business intelligence team safety device, suitable for use in public places.

Project management

Hang on again! It’s often the case that project managers have no idea of what the management process involved in a project is, so their ability to elicit and retrieve the right operational information quickly and easily is compromised

Performance dashboards should not generally be reactive, as such, fewer measures will be completed and the business intelligence team measures will be less accurate.

Six Sigma dashboards should ideally contain features such as complete responsibility for acknowledgement, indicating upwards to a timely decision making process and making dashboards interactive for users.

This allows managers to make better assertive decisions and learn the necessary lessons to function more effectively.

Objectives

The objectives to be determined by the objectives identified are the further defining of a performance measure described above. It may be that the objectives also include a degree of detail so that business intelligence team measures are more difficult to formulate.

A commonly accepted management objective usually describes a performance factor range, where the efficacy of other factors is known.

For example:

A performance measure of customer interest represents the customer’s quality of interest in the product. Excellent customer interest in our new safety device represents poor customer interest in all other factors.

User Experience

Performance dashboards have the ability to tell you what a user actually experiences as a result of the information in them.

The more useful and specific the objective means to a user, the broader the range of performance measures they can use.

Quality measures and reporting sessions with end users are very useful, in fact, although they measure key factors such as business intelligence team quality improvement, these are seldom representative of the real impact on the business.

The measures are often of an operational nature, with data, and process derived not from end user’s based on realistic needs, but onto what the objectives are, usually through a slight modification of the inputs.

Productivity

Performance dashboards are one of the few software systems that has the ability to tell you how to bring the actual processes that need improvement back to solutions efforts back to beyond the project.

KPI tracking

One reason you should record KPIs is so you can know how many are being achieved, also, as the business intelligence team performance improvement objectives take shape over time, using the KPIs can help you to plan ahead when it comes to major business initiatives.

If a performance measure does not represent management’s best view, that can include ownership, then manual work creating you KPIs by recording the measures manually, is often a much faster time to make management take ownership to be off the reliability issues.

Collaboration

One final thought – if you’re not using dashboards together with people from multiple levels in the enterprise, then you’re not fully utilising the benefits of performance dashboards.


Posted

in

by

Tags:

Comments

Leave a Reply

Your email address will not be published. Required fields are marked *