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Building KPIs can be challenging. What metric(s) do you use? Where do you find them? Who's reading your reports? Analysts face these questions every day. Here are four foundational characteristics of the perfect metric for your reports.
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the PERFECT METRIC Crafted with just four foundational characteristics
ACTIONABLE The metric clearly illustrates if progress is going well, poorly, or nothing is
happening, and the actions to take with each consequence.
1
SIMPLE LANGUAGE Terms are plainly defined and interpreted the same across audiences.
2
TRANSPARENT Metric generation is straightforward and easy to convey.
3
DEPENDABLE DATA Data is reliable, cleanly accessed and collected.
4
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