KPI Selection and Design
Length:
Type:
Available Dates
Course Details
- Introduction
- Objective
- Who should attend
Welcome to the “KPIs Selection and Design” course, proudly presented by LPC. In the ever-evolving landscape of business competition, LPC recognizes the importance of utilizing data-driven insights to drive organizational success. Key Performance Indicators, or KPIs, stand as pivotal tools in this endeavor, serving as indispensable metrics for measuring progress, evaluating success, and guiding continuous improvement initiatives.
This course is designed to be your one-stop shop for mastering KPIs. We'll dive into their definition and benefits, explore frameworks like the balanced scorecard, and understand how KPIs evolve over time. Moving forward, we'll guide you through identifying organizational goals, utilizing various sources to find the perfect KPIs, and ensuring your KPIs align seamlessly with your overall strategy. We'll even explore the concept of the KPI tree, a powerful tool for cascading goals across departments.
By the culmination of this course, you will emerge equipped with a comprehensive knowledge, tools, and practical skills necessary to leverage KPIs as powerful instruments for driving performance excellence.
LPC warmly extends an invitation for you to join us on this enlightening expedition as we uncover the transformative potential of KPIs.
Course Outline
Introduction to KPIs
- Defining Key Performance Indicators (KPIs) and its benefits
- Understanding the balanced scorecard framework
- Understanding KPI lifecycle model
- Types of KPIs:
- Leading & lagging KPIs
- Qualitative & quantitative KPIs
- Efficiency & effectiveness KPIs
- Characteristics of reliable KPIs