
Where to find the resources of the course.
Definition and examples of KPIs
Difference between key measures and trivial measures
KPI characteristics and how do they help in monitoring the performance
Benefits of KPIs and problems faced when KPIs selction and implementation is not effective
Know the types of KPIs that may exist and with the help of classification become able to get a good balance of KPIs while selecting them.
Differences
More examples
How to use Fishbone Diagram to find lead indicators
Examples KPIs for various department type and industry type.
This article explains why organizational direction must be clearly defined before KPIs are designed or used. It highlights the risks of measuring without clarity and sets the foundation for understanding how vision, mission, goals, and strategy guide meaningful measurement. This context will help you see KPIs as indicators of progress rather than isolated numbers.
Learn about the vision statement and how to write one.
Learn about the mission statement and how to write one.
Learn about the goal statement and ow to write one.
Let’s learn about strategy, objectives and KPIs and their positioning in the strategic plan, these are the important elements for the successful business strategies.
Key takeaways
Learn how all the employees can work towards achieving a mission set by the organization.
Learn about the framework of BSC, the 4 perspectives and the disadvantages of ineffective implementation.
Understand a popular approach that utilizes BSC and helps in strategic planning and implementation.
Learn about the step, tasks to do, example and tips and after the lesson 'do it yourself'.
Find out what is to be done to reach the desired state and how to link all the strategic objectives together so that they align with the single goal.
A couple of more sample strategy maps and KPIs for your reference
Learn how to tag relevant KPIs to each of the Objectives.
Short-listing of selected KPIs
Short-listing of selected KPIs
How to plan for the implementation of KPIs.
Commonly used terms- Targets, Thresholds, Benchmarking and Baselines
Introduction to baselining, about outliers and finding outliers in the data.
Introduction to control charts, general anatomy, basic steps to create a control chart.
Demo of XMR chart in Excel and SigmaXL
More practice questions on-
Outlier analysis
XMR Control chart
Basic statistical concepts- Data, variables etc
Basic statistical concepts- scales of measurements
Terminology- Population & sample, types of statistical analysis
Mean, median, mode, when to use what
Variance, standard deviation, range
Steps to be done before starting
Creating a chart for sales trend
Creating a chart for product-wise total sales
Map chart
RAG status with Traffic Light visualization
Slicers and timelines for dashboards
Introduction
Installation
Introduction to interface
Basic steps to create similar charts (as were in previous lessons) in Power BI
Formatting and some more tips
What’s in it for you?
The biggest challenge with the organizations, whether new or old, is to find out how well they are performing and identifying areas of improvement. That is why, one of the crucial steps to success is to have a robust measurements system in place.
This course will help you learn about the key performance indicators that are the backbone of a measurement framework.
What some of our many students are saying about the course?
"Perfect! From the concepts explained, to the resources given, I had zero knowledge regarding this argument and I can assure it's the best I've seen in my research. Deepika is amazing, she explains so well and at a good pace, I HIGHLY recommend it! Please make more content for KPI and Power BI because it's hard to find a good course like this one." Alina Serban
"Great course ! The instructor is very helpful regarding any queries the students have , many times she has answered my questions and helped me better understand the concepts. I advise this course for beginners like me , who had little to no previous knowledge in KPIs, how to establish KPIs and monitor them , Statistics, Dashboards, etc." Aroub Alshalabi
"I had no knowledge of what a KPI was. Watching and pausing the videos and trying to use the information as an example on the company I work for, the understanding of what a KPI is and how to use it had become really clear." - Hector Espinoza
"I am currently doing my Master thesis in the topic Supplier Performance Evaluation, this Course gave me a Insight into all about KPI. Thanks." Balaji Sekar
"Good course, with plenty of practical tips on how to decide a strategy and implement kpis and dashboards. I enjoyed!" Roser Goula
"Nicely taught. Things are made easy for everyone to understand. Thank you." Jayesh Ratnakar Bhat
"I was looking for some background on Balanced Scorecards, but found much more." Terri McDonnell
Please note this course is created keeping in mind a wider audience, across departments and industries. I have taken generic examples so that you can relate and apply the knowledge gained at your workplace.
There are two main parts:
Part 1 KPI selection
In this section you will learn-
Basic fundamentals
definition
benefits
characteristics, and
classification in terms of leading and lagging indicators.
Understand the terms like vision, mission, goals, objectives and strategies used during Strategic Planning. +
How to write these statements
How to choose the most appropriate one with the help of some tools and checklists
With the help of
Balance-scorecard methodology for strategy planning
Fishbone diagram
KPI tree, and
Decision matrix
you will learn how to select key indicators to assess the org performance. Don't forget to make use of Big Store Strategy Planner Template.
Part 2 KPI Implementation
There is a section on analysis where you will learn fundamental concepts of statistics and data analysis.
This is included to make you verse with the basic statistical terms and when/ where to use them while creating reports and dashboards.
Along with that, you’ll learn about:
How to plan for KPI implementation
How to set targets and thresholds using the baselining method with the help of XMR/ IMR control chart
How to collect and clean data
How to analyse data with the help of Descriptive statistics
How to create simple dashboards in Excel using Pivot tables (NO VBA experience needed) and Power BI
Additional Resources
To make your learning experience great and comfortable, there are captions, downloadable slide handouts, tools and templates, practice data set, and articles etc.
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I am here to resolve all your queries. :)
Enrol today and start learning All about KPIs!
Happy learning!
Deepika
Even after this if you did not get what you wanted from the course you are covered with Udemy’s 30 days money-back guarantee.
P.S. If you are looking for just the foundation level course (1 hour), have a look at the course- 'Fundamentals of KPIs'.