How to quickly create the right KPI system for your business

Name: How to quickly create the right KPI system for your business
Rating: 4.2 (5 reviews)

KPIs of 10 main Departments are described, from which you can quickly create a KPI system for your Business

Created byOleh Hutsa

Last updated 5/2024

English

What you'll learn

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, award and bonuses based on the KPI of an employee or department
Create a monthly, quarterly or annual report on based of the Business Structure Processes efficiency and performance on the Departments KPIs

Course content

4 sections • 18 lectures • 1h 28m total length

Introduction to the course5:35
Acquaintance with the course and teacher. Goal and content of the course.

The Administrative Function KPI system creating4:57
The Administrative Key Function. The Administrative Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The Marketing Function KPI system creating6:09
The Marketing Key Function. The Marketing Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The Supply Function KPI system creating5:35
The Supply Key Function. The Supply Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The Production Function KPI system creating4:39
The Production Key Function. The Production Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The Sales Function KPI system creating4:06
The Sales Key Function. The Sales Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The Logistics Function KPI system creating3:48
The Logistics Key Function. The Logistics Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The Financial Function KPI system creating3:53
The Financial Key Function. The Financial Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The Personnel Function KPI system creating4:11
The Personnel Key Function. The Personnel Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The Legal Function KPI system creating4:04
The Legal Key Function. The Legal Function Model in IDEF0 notation. The Criteria, Goals and KPI system.
The IT support Function KPI system creating4:42
The IT support Key Function. The IT support Function Model in IDEF0 notation. The Criteria, Goals and KPI system.

KPI Monitoring Systems (Part 1)6:42
We will create a spreadsheet in Excel for daily or weekly monitoring of an employee or department
KPI Monitoring Systems (Part 2, start)4:58
We will create a spreadsheet in Excel to calculate salaries, that is, the amount of award and bonuses (start)
KPI Monitoring Systems (Part 2, end)4:38
We will create a spreadsheet in Excel to calculate salaries, that is, the amount of award and bonuses (end)
KPI Monitoring Systems (Part 3, start)5:43
We will create a spreadsheet in Excel for a monthly, quarterly or annual report on the efficiency and performance of the Business Structure Processes (start)
KPI Monitoring Systems (Part 3, end)3:32
We will create a spreadsheet in Excel for a monthly, quarterly or annual report on the efficiency and performance of the Business Structure Processes (end)

Requirements

Desirable but not necessary the Business Process System development competence

Description

Do You already know what KPI is and 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

And also get prepared KPI monitoring spreadsheets:

for employee daily monitoring;
for salaries, award 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 creating for some universal Business Structure processes.

To KPI system creating, we will use the Business Structure Metamodel in IDEF0 notation and based on the Metamodel, we will create KPI systems for 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 Business.

3. Create a Monitoring Systems 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, award and bonus calculation;
for monthly, quarterly or annual performing report.

Examples are attached to the relevant lessons as explanatory materials:

Departments Business Processes Diagrams;
KPI lists with calculation formulas and explanations;
KPI monitoring spreadsheet.

Who this course is for:

Starting Business Analysts
Business Structures Quality Department Employees
Business Structures Department Heads

How to quickly create the right KPI system for your business

What you'll learn

Explore related topics

Course content

Introduction1 lecture • 6min

General Information to the course2 lectures • 11min

KPI system creating10 lectures • 46min

KPI Monitoring Systems creating5 lectures • 26min

Requirements

Description

Who this course is for: