If you’ve ever worked in HR, management, sales or relevant fields, you’ve likely heard the acronym ‘KPI’. Most of you might even be directly involved in developing the right set of performance indicators.
Deciding on KPIs and extracting meaningful information is one part of the problem. It holds no value unless communicated to the right people in an easy-to-understand manner.
Once these results are communicated effectively, only then will they be fruitful for making informed decisions. This is where a KPI dashboard comes into play!
KPI dashboards for a visual display
A dashboard holds all the information required for making strategic decisions using easy to read visuals. It informs you whether or not you’re on the right track.
An operational and strategic perspective should be adopted for a better solution.
With operational dashboards, you can check day-to-day outputs to ensure smooth processes. They help you fix issues before they can affect your performance. For instance, an e-commerce KPI dashboard will help you track online sales, shopping cart abandonment rate and other indicators.
A strategic dashboard identifies future challenges that may affect your progress towards the company’s goals. For example, project completion rates and costs are included.
Depending on the type of KPIs you’re working on, one or both may be necessary or success. A well-designed dashboard will offer decision makers quick access to indicators that are critical for business.
Designing a KPI template that clusters all the information together is a good idea. However, it takes a lot of time to identify the right KPIs, prepare an easy to update sheet and maintain it regularly.
Readily available KPI templates are a better option, saving you both time and efforts. Unfortunately, most templates you find online will focus on style rather than creating an effective tool.
While purchasing a ready-to-use template, ensure that the dashboard promises:
- A single page or screen, well-organized design
- Comprehensive range of KPIs that is insightful for your objectives
- An easily accessible display¾no specialized or expensive software
- User-friendly interface making navigation easy
- No decorations, excessive color coding or distracting features
Irrespective of the KPI metrics you’re using and your final objectives, make sure that you can extract useful information from them. A clean and focused dashboard template will help decision-makers quickly access information they need.
Informed decision making leads to improved performance for each individual team working to promote a business.
If you’re still on a lookout for an effective template, we recommend Adnia Solutions. They offer spreadsheet based simple yet effective HR metrics, e-commerce performance and KPI management dashboard templates.
These templates are cost-effective and available to order online. With an unlocking password, you can also modify them as per your requirements!