Get a 360 degree view of your corporate strategy
A blog that highlights how a ‘Performance Measurement KPI Framework’ allows business executives to take a holistic view of strategic goals and link them appropriately to tactical and operational performance indicators.
Today, organizations have realized the importance of Business Intelligence and they have spent millions of dollars on BI implementations; but most of them still struggle to ensure alignment of Business Intelligence with corporate strategy. The KPI framework connects corporate strategy to operation reporting and ensures that each element of Business Intelligence is providing input to achieve corporate goals.
Critical KPIs are identified through interviews and brainstorming sessions with business users. These KPIs are then linked to PIs (Performance indicators) and operational indicators.Operational level indicators / metrics in KPI network tree are defined clearly and are handed over to Business Analyst teams to create detailed user requirements. KPIs derived from network tree are used to create management dashboards.
The Balanced Score Card methodology is used as the basis for user interviews during strategy formulation. Customers can see an immediate benefit of the KPI Framework based implementation as it allows the business to conduct root cause analysis of critical issues.
