1 of 11

Slide Notes

This supportive deck is based from the JAMSO article blog 8 Key Elements of Great Key Performance Indicators.

Use this 8 part check list as an audit start point for your business metrics and KPI's.

See the link below for our full article

http://www.jamsovaluesmarter.com/blog/2015/2/4/8-key-elements-for-great-kpi...
DownloadGo Live

8 Key Elements of Great KPI's

Published on Mar 17, 2016

Here is how to help create the most relevant Key Performance Indicators for your department and business.

We offer this check list as a start point to understand which metrics and KPI's you currently use provide the best meaning for your success.

The slide deck is a short version extracted from our full article http://www.jamsovaluesmarter.com/blog/2015/2/4/8-key-elements-for-great-kpis-use-this-check-list

JAMSO support leaders and business in the areas of metrics, and key performance indicators.

PRESENTATION OUTLINE

KPI Check List

8 Key Elements of Great KPI's
This supportive deck is based from the JAMSO article blog 8 Key Elements of Great Key Performance Indicators.

Use this 8 part check list as an audit start point for your business metrics and KPI's.

See the link below for our full article

http://www.jamsovaluesmarter.com/blog/2015/2/4/8-key-elements-for-great-kpi...

Leadership Engaged

Strategic, Vision and Values Based
LEADERSHIP Engaged

The executive leadership should participate and help define the priorities so KPI’s are defined. This also needs to be done based on factual information relevant to a future business desired state and the behavior actions to be taken.

Question:- Who decided your KPI’s?
Photo by michael.heiss

Relevant

Defines a future desired state
A great KPI should remain highly relevant to your core business future desired state.

Question:- How are your KPI’s leading your business to a vision desired stated performance?
Photo by justmakeit

Understandable

The KPI needs to be clear, simple and be acted upon
A great KPI should be communicated in a way that can be easily understood and acted upon.


Question:- What verification of understanding been taken to ensure the KPI is understood by all relevant stakeholders?
Photo by murphyeppoon

Valid Data

The quality of data used is critical
Decision makers need to be confident that action decisions are based on valid data inputs.

Any inaccuracy within a measurement system should be eliminated or understood within an accepted tolerance band.

Question:- Which exact data collection points and measurement system has been selected?
Photo by BobMical

Future State

Define the desired level of performance 
The KPI should have a target future state performance marked clearly and understood by stakeholders.

This also includes the values and priority the organization states in its desired actions.

Question:- How is the KPI designed to lead your business to a future desired state reflecting corporate values?
Photo by anieto2k

Rewarding

Use incentives and gamification
Motivation remains a key element in any workplace.

Setting clear milestone rewards for consistent trend and performance can help an organization remain motivated and aligned on common business goals.

Question:- What incentive is in place for consistent performance?
Photo by tedeytan

Empowerment

Accountable and responsible participants
Ensure the business prodicdes the correct support and empowerment to the responsible stakeholders to improve the performance to the desired stated levels.

Question:- Where is the stated empowerment of staff to change behaviors so relevant action happen.

Tolerance Bands

Upper and Lower limits of performance expectations
A strategic and efficient method of managing KPI's is to set performance tolerance bands.

This is a great tool to ensure proportional resources and efforts and priority is given to relevant KPI’s whilst still running the whole business.

Simple visual keys of Red, Yellow, Green can be used to establish support action trigger points.

Question:- When are the times of additional action and support made available?
Photo by ndanger

Untitled Slide

This has been a short introduction to the key points and questions from our article and KPI Check List for your business.
1) The article Link is http://www.jamsovaluesmarter.com/blog/2015/2/4/8-key-elements-for-great-kpi...

2) JAMSO is a dedicated global consultancy service.
Performance management through, KPI and analytics

Online and global workshop events

Performance Management training for you and your business

Help people and business find their values and motivation to perform.

Goal setting and goal management innovations

KPI, Metrics, Balanced Scorecard improvements

Business intelligence and analytics projects and solutions

Gamification and emotional intelligence solutions

Big data, Internet of Things and Data Viz tools with business intelligence

We are rocking Manufacturing and Fintech performance



Link to Video: https://www.youtube.com/watch?v=sqSJzPK9xa0&feature=youtu.be

Untitled Slide

Contact us at JAMSO
http://www.jamsovaluesmarter.com/contact/

Follow us on Twitter https://twitter.com/jamsovaluesmart

Feel Free to share this deck with anyone.

Contact JAMSO today
+45 2820 7306
Email james@jamsovaluesmarter.com