Dashboards 101 - Using Metrics to Improve Performance
Run a Business by the Numbers, Improve it Constantly and Project What Will Happen to be Ahead of the Competition
What you will learn
Understand the purpose of dashboards and their power
Understand what metrics (KPIs) should be in a dashboard
Learn how to maximize the benefits of dashboards
Learn what should not be in a dashboard
Learn about the four levels of reporting every company needs
Description
This is a basic introduction to the use of dashboards for Business Performance Management (PM) and Business Intelligence (BI). Dashboards are used to: "Run a Business by the Numbers, Improve it Constantly and Project What Will Happen to be Ahead of the Competition!"
Dashboards are an advanced tool of management to move a person, company and department away from low level management techniques, like micromanagement, to more advanced techniques like Management By Exception (MBE). They are an auto-pilot as well as a way to look into the future by seeing trends and connections in cause and effect. Dashboards allow you to get your business down to a science with known inputs and outputs of key processes that create value. They set up a business for constant improvement in quality, efficiency and cost effectiveness.
Every business with more than a handful of employees needs a dashboard. Every department with more than five or six employees should also have a dashboard. This course tells you how and why they work magic to improve a company, team and department.