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How to quickly create the right KPI system for your business

person icon Oleh Hutsa

4

How to quickly create the right KPI system for your business

Key performance indicators (KPIs)

updated on icon Updated on Jul, 2024

language icon Language - English

person icon Oleh Hutsa

category icon Key Performance Indicators (KPIs),Business Analysis

Lectures -18

Resources -23

Duration -1 hours

4

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Course Description

Do You already know what KPI is and do You understand that KPIs are needed for Business?

But there are so many KPIs - it's hard to choose exactly what Your Business needs to get better.

Therefore, in the course “How to quickly create the right KPI system for your business” I offer a constructor, a set of blocks to quickly create the right KPI system specifically for Your Business 

Also, get prepared KPI monitoring spreadsheets:

  • for employee daily monitoring;

  • for salaries, awards, and bonus calculation;

  • for monthly, quarterly, or annual performing report

Course content:

1. General information. 

In order to speak the same language, we will consider the terms, as well as recommendations for systematizing the KPI description - the system must immediately be created correctly.

2. Example of KPI system created for some universal Business Structure processes.

For KPI system creation, we will use the Business Structure Metamodel in IDEF0 notation and based on the Metamodel, we will create KPI systems for the Departments:

  • Administrative;

  • Marketing;

  • Supply;

  • Production;

  • Sales;

  • Logistics;

  • Financial support;

  • Personnel support;

  • Legal support;

  • IT support.

By combining KPIs from the examples presented in the course, you can get the resulting KPI system for a wide range of Businesses.

3. Create a Monitoring System for 3 main use cases in tabular form in Excel or similar spreadsheet editors available in each office that helps Management analyze the state of the Business and make decisions:

  • for employee daily monitoring;

  • for salaries, awards, and bonus calculation;

  • for monthly, quarterly, or annual performing reports.

Examples are attached to the relevant lessons as explanatory materials:

  • Departments Business Processes Diagrams;

  • KPI lists with calculation formulas and explanations;

  • KPI monitoring spreadsheet.

Goals

  • Take the algorithm for determining KPI
  • Quickly create a KPI system for your Business Structure (Firms, Companies, Organizations, Enterprises, Divisions, etc.)
  • Create a system of daily (weekly) monitoring of KPI of an employee or department
  • Create a system for calculating salaries, awards, and bonuses based on the KPI of an employee or department
  • Create a monthly, quarterly, or annual report based on the Business Structure Processes efficiency and performance on the Department's KPIs

Prerequisites

Desirable but not necessary the Business Process System development competence

How to quickly create the right KPI system for your business

Curriculum

Check out the detailed breakdown of what’s inside the course

Introduction
1 Lectures
  • play icon Introduction to the course 05:35 05:35
General Information
2 Lectures
Tutorialspoint
KPI system creating
10 Lectures
Tutorialspoint
KPI Monitoring Systems creating
5 Lectures
Tutorialspoint

Instructor Details

Oleh Hutsa

Oleh Hutsa

- Ph.D. (2003), Associate Professor (2014)

- Expert in knowledge-oriented information technologies (business processes, automated decision support systems)

- from 2009 teach the course "Modeling business processes" and  "Decision Support Systems" at the universities of Kharkiv (Ukraine)

- 12 years of work in business - 9 years’ production manager, production company director (cabinet furniture, windows), 3 years’ director of the natural gas supply department.

- 10 years of work in the Design Bureau of Instrument-Making Plant named after T.G. Shevchenko (Kharkiv, Ukraine) from the position of technician to the leading engineer - design and support of computer production, programming.

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