How to Choose the Right KPIs and Performance Metrics?
Choosing the right KPIs and performance metrics is crucial. Here are some guidelines:
Relevance: Select KPIs that are directly linked to your business goals and objectives. Actionable: Ensure that the metrics can lead to actionable insights. Measurable: Choose metrics that can be accurately measured and quantified. Timely: The data should be available in a timeframe that allows for timely decision-making.