Business metricsare the units of measurement used in KPIs. All KPIs use business metrics, but not all business metrics become KPIs. You can designate a metric as a KPI if it is relevant to the organization's goals or the goals of its functions, processes, locations, and segments. An examp...
For direct materials it’s usually volume*(old price - new price). Indirect purchases are a bit more tricky as the baseline is not clear. In some cases price increases count against the target, but not always. More sophisticated organizations will count savings other than price that Procurement...
Tim: They are, indeed. I need to think about this for a bit. I might want to add some automation to the pipeline too, but I'm not sure what I want to do. What kinds of automated tests can I run?Mara: For now, let's focus on functional testing. It's the kind of testi...
PPM for Power Apps Accelerator is a free enhancement for Planner Premium (formerly Project for the Web). It is a preconfigured Power Apps instance opening up the following additional possibilities: Change management with overviews on risks, issues, changes, status reports, KPIs, control (Governance...
If you’re looking for some examples to get started, here are a number of KPI libraries you can download from our resource center: 1. Financial KPIs Financial measures are important ineveryorganization—even nonprofits and municipalities. Staying on top of your finances by monitoring the right ke...
are easiest to measure. However, you need to be sure you’re measuring only the key performance indicators that will help you reach your business goals. The strategic focus is one of the most important aspects of the KPI definition. Here are some best practices for developing the right KPIs...
Company A plans a new product line. The product manager’s roles and responsibilities are shown in the below diagram using KPAs, KRAs, and KPIs. KPAs provide job descriptions for all staff involved in the production chain. In this illustration, the product manager aims to ensure timely produc...
What are examples of KPIs on social media? Here are examples of some of the most important social media KPIs that brands, creators, and businesses can keep track of: Engagement rate Engagement rate measures how well your audience interacts with or likes your content. Engagement is calculated ...
Some projects are so large that it may feel more like you’re doing corporate performance management than project performance management. For example, if you’re managing a billion-dollar project that is 10 years in the making, that kind of undertaking will require a tremendous amount of complex...
Procurement KPIsBy monitoring procurement KPIs, businesses can boost the efficiency of their procurement process, track progress toward business objectives and identify areas for improvement. Here are some commonly measured procurement KPIs:Purchase order cycle time: Monitor the average number of hours or...