What are KRIs?
“Knowing our risks provides opportunities to manage and improve our chances of success.”
Roger VanScoy
Posts Tagged ‘Ask the Experts’
What is the difference between single-loop and double-loop learning?
Single-loop and double-loop learning are two different types of learning that can be used by any organization in order to adapt and improve its overall performance. The first one refers to constantly adjusting actions until desired results are achieved and double-loop learning implies questioning the fundamental assumptions.
What is the difference between leading and lagging KPIs?
In performance management, leading and lagging KPIs are commonly used terms. But is their meaning completely understood?
Leading KPIs usually measure things that address what can create future value (e.g. % Employee engagement, # Innovation ideas, # Service lead time), while lagging KPIs look back at past performance (e.g. $ Sales revenue, $ Profits).
Why use KPI documentation forms?
The KPI documentation form is a template that structures the most relevant information regarding a given indicator. Important fields of the form include: the KPI definition, Calculation formula and Target. In addition, other relevant fields can be used, such as: Subordinate measures, Limitations and Notes.
Why use KPIs?
Using Key Performance Indicators to monitor a company’s performance provides several advantages.
