KPIs or Key Performance Indicators are the selected measures that provide visibility into the performance of a business and enable decision makers to take action in achieving the desired outcomes. Typically, KPIs are monitored and distributed in dashboards or scorecards to provide everyone in the organization with an understanding of the strategy implementation progress. KPI utilization enables learning and improvement on critical operations, capabilities and processes across business areas.
* Measuring performance against goals and tracking KPIs occur in 80% of companies (SAS, 2007)
* Corporate Performance Management (CPM) is the highest priority in Business Intelligence (Gartner, 2008)
* Pre-built dashboard solutions can be deployed faster, requiring only 60% of the time needed in the case of custom dashboard solutions (Aberdeen Group, 2010a)
* 53% of the top-performing companies are more likely than the industry average to maintain a catalogue of documented KPI examples (Aberdeen Group, 2010b)
* Most lists of performance measures only contain the name and definition, without details.
"Selecting KPIs is like picking flowers from a field. You can't pick all of them. Instead you have to decide on the right combination and a limited number to make a beautifully balanced bouquet... Using your nose generally helps."
By combining input from the smartKPIs.com community with research and analysis from the editorial team,
smartKPIs.com releases the suite of Top KPIs of 2010 reports, presenting the most popular
KPIs in 2010 across a variety of functional areas and industries.
smartKPIs.com Premium is the most comprehensive and well documented selection of Key
Performance Indicator (KPI) examples in the world.
It contains over 1400 KPI examples preselected by our KPI research team as the most relevant for practice across functional areas and industries.
Pre-populated Performance Dashboard and Scorecard templates developed in Microsoft Excel 2007, following optimal data visualisation principles.
The Performance Management System Toolkit includes additional components such as Initiatives Portfolio, Strategy Map and Desired State of Evolution.
We believe progress in management science emerged from practice. As a result, our KPI research program is grounded on reviewing KPI examples as used in practice, building a rich picture of KPI popularity across functional areas and industries.
A core competency of smartKPIs.com is the process of identifying and documenting KPI examples. All examples are referenced back to their original source. The premium section KPIs contain an analysis done by the researcher that documented the example and additional recommended resources.
Each KPI example is documented in detail based on a proprietary set of relevant fields selected by our research team. To facilitate a streamlined navigation, we have grouped KPI examples by both functional area and industry. The most popular and relevant KPI examples are marked as smartKPIs.com approved.
We are continously updating the database with new examples of performance measures either suggested by our visitors or developed by our team. When the measure template is completed, up to two reviewers assess the documented content and approve it before being published.
smartKPIs.com's Performance Architect is Aurel Brudan, an international expert in Performance Management and a leading representative of a new generation of researchers and consultants that are reshaping the discipline.