What KPIs or metrics do you use to measure your own success?
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Senior Vice President, Product Design and Data Analytics in Finance (non-banking)2 years ago
Certain KPIs are quite important for data professionals or managers. These are often tied to skills they have and the value they deliver. Effective understanding of business problems is vital to define a data use case. Effectiveness of data discovery is important to know what can and can’t be done. Delivering within estimations helps build credibility. Quality of analysis and accuracy of insights holds the key to trustworthy data initiatives in the eyes of business stakeholders. Director, Technology Infrastructure Operations in Transportation2 years ago
I typically like to measure what I'm doing to sustain (keep the lights on), and grow, and transform the business. It may be process or functional improvements, or introduction of new capabilities, or reduction of risk (hard to quantify), or business cost optimization (cost reduction as well as movement of costs from one category to another for strategic and/or operational benefit).Vice President Information Technology in Finance (non-banking)2 years ago
Learning new technical skillsets to help the business to grow using technologies at their best.
CIO in Education2 years ago
As a CIO the project and IT metrics are very important. You define the success of a project by defining the (KPIs) success metrics in advance. Some of these KPIs include: increase in usability, saving money, enhancing integration, making process more flexible and adaptive, enabling innovation, etc. Director of IT in Manufacturing2 years ago
We have a set of OKRs aligned with business goals to measure CIO in Finance (non-banking)2 years ago
When creating your plan, KPIs consist of four key attributes and your score should consist of 5-7 unique KPIs for your plan. Remember this: 1) Define your measure - This sounds obvious, but each KPI should have a clear statement of what it needs to measure. The more meaningful your key performance indicator, the better. You can group performance metrics into these categories:Activity Metrics: Measures activity and can include a percentage, number, currency, and activities or processes. An example of this metric would be the number of leads in your pipeline. Outcome Measure: Measures progress toward a defined outcome, often expressed as a percentage increase, change, or outcome of an outcome. An example of this would be a percentage increase in sales compared to the previous year. Project Metric: Measures the progress of a project, often expressed as percent complete, an outcome, activity, or process over which the owner has control.An example would be % complete to complete XX strategic project. Goal Structure: Represents a numeric result versus a date. A perfect example would be $XXXM in sales by the completion date of a strategic goal. 2) Define your goal - Your goal is the number you want to achieve. The goals should match your measurement type and due date.If your measure is a percentage, your goal should be a percentage. If your metric is raw, the goal should be raw. 3) Summarize the data source - Each KPI should have a unique data source. Be sure to articulate where you're getting your data from and what the calculations are so everyone is on the same page. 4) Define an owner and reporting frequency: As with any SMART goal, a KPI must have a clear and defined owner. Tracking frequency.So make sure someone is responsible for extracting the data and updating the performance at a defined frequency. We recommend monthly in most cases. Evaluation To see if you're getting your KPIs right, here's a quick checklist you can use to test your list of KPIs to make sure they're strategic:They provide a way to see if your strategy is working. They draw our employees' attention to what matters most to success. They provide a common language and understanding to communicate our performance. They're valid and realistic, which helps ensure we're measuring the right things. They are verifiable and ensure accurate data.Bonus: They have evolved from products to results. When we say that they went from products to results, it means that the KPI clearly expressed the result or outcome of goal achievement. It helps answer the question, "Why are we working on this goal? The best KPIs are a clear expression of your desired outcome at the end of your strategy."