Key Performance Indicators: Developing, Implementing, and Using Winning KPIs

Front Cover
John Wiley & Sons, Apr 13, 2015 - Business & Economics - 448 pages

Streamline KPIs to craft a simpler, more effective system of performance measurement

Key Performance Indicators provides an in-depth look at how KPIs can be most effectively used to assess and drive organizational performance. Now in its third edition, this bestselling guide provides a model for simplifying KPIs and avoiding the pitfalls ready to trap the unprepared organization. New information includes guidance toward defining critical success factors, project leader essentials, new tools including worksheets and questionnaires, and real-world case studies that illustrate the practical application of the strategies presented. The book includes a variety of templates, checklists, and performance measures to help streamline processes, and is fully supported by the author’s website to provide even more in-depth information.

Key Performance Indicators are a set of measures that focus on the factors most critical to an organization’s success. Most companies have too many, rendering the strategy ineffective due to overwhelming complexity. Key Performance Indicators guides readers toward simplification, paring down to the most fundamental issues to better define and measure progress toward goals. Readers will learn to:

  • separate out performance measures between those that can be tied to a team and result in a follow-up phone call (performance measures) and those that are a summation of a number of teams working together (result indicators)
  • look for and eradicate those measures that have a damaging unintended consequence, a major darkside
  • Sell a KPI project to the Board, the CEO, and the senior management team using best practice leading change techniques
  • Develop and use KPIs effectively with a simple five stage  model
  • Ascertain essential performance measures, and develop a reporting strategy
  • Learn the things that a KPI project leader needs to know
A KPI project is a chance at a legacy – the project leader, facilitator, or coordinator savvy enough to craft a winning strategy can affect the organization for years to come. KPI projects entail some risk, but this book works to minimize that risk by arming stakeholders with the tools and information they need up front. Key Performance Indicators helps leaders shape a performance measurement initiative that works.
 

Contents

An Overview of the Six Stages
105
Measure and Report Only What Matters
111
OrganizationWide Understanding of the Winning
118
UpSkill InHouse Resources to Manage the
133
Establish a JustDoIt Culture and Process
139
Leading and Selling the Change Stage 3
145
Finding Your Organizations Operational Critical
161
Characteristics of Critical Success Factors
170
Government Department Case Study 1
284
Setting the Scene
289
Comparison to Other Methodologies
299
Contents
311
APPENDIX A Foundation Stones of PerformanceRelated
317
APPENDIX B Draft Job Description for the Chief Measurement
335
Presentation Templates
347
Index
399

Alternative Methodologies
185
Contents
189
Recording Performance Measures in a Database
199
Find the Winning KPIs
205
Reporting Performance Measures
221
About the Author
247
Case Studies on the Critical Success Factor
271
Car Manufacturer
277
Seven Characteristics of KPIs
3
The Myths of Performance Measurement
25
The Dark Side
43
Revitalizing Performance
49
Strategy and Its Relevance to Performance
87
Monitor Implementation of Your Strategy
94
Copyright

Other editions - View all

Common terms and phrases

About the author (2015)

DAVID PARMENTER is an international presenter known for his thought-provoking and lively sessions, which have led to substantial change in many organizations. He is a leading expert in the development of winning KPIs, replacing the annual planning process with quarterly rolling planning and lean finance team practices. Parmenter's work on KPIs is recognized internationally as a breakthrough in understanding how to make performance measures work. He has delivered workshops to thousands of attendees in 30 countries around the world. Parmenter has worked for Ernst & Young, BP Oil Ltd, Arthur Andersen, and PricewaterhouseCoopers, and is a fellow of the Institute of Chartered Accountants in England and Wales. He is a regular writer for professional and business journals. He is also the author of Winning CFOs: Implementing and Applying Better Practices, Key Performance Indicators for Government and Non Profit Agencies: Implementing Winning KPIs, and The Leading-Edge Manager's Guide to Success (all from Wiley). He can be contacted via parmenter@waymark.co.nz. His website, www.davidparmenter.com, contains many white papers, articles, and freeware that will be useful to readers.

The reader can access, free of charge, a PDF of the suggested worksheets, checklists, and templates from www.kpi.davidparmenter.com/thirdedition

Bibliographic information