“Show me a company with over 20 KPIs and I will show you lack of focus, lack of alignment and under achievement”
For years organisations that have had, what they thought were, KPIs have not had the focus, adaptability, innovation and profitability that they were seeking. KPIs themselves were mislabelled and misused. Some organisations try and manage with over forty KPIs, many of which are not KPIs.
David Parmenter has developed a hypothesis that performance measures are divided into four types (key result indicators, result indicators, performance indicators and key performance indicators). This whitepaper and accompanying electronic media contain up to the minute research and discoveries since David’s published Key Performance Indicators book. For more information see the contents page and purchased from here.
David Parmenter’s Database of Measures and Associated Success Factors
In David Parmenter’s KPI book, he provided a list of performance measures to help to start or rejuvenate a KPI project. To purchase this Performance Measures database, costs NZ$200. This database helps a team manage the balanced scorecard perspectives, enables all the organisation’s teams to select their performance measures, contains a checklist of success factors by major sectors and sets over 300 measures to help with the selection process. The database contains a easy ‘add to’ feature so existing measures can be added. The database, if used correctly, will ensure that all measures are sourced from a critical success factors in an organisation. Buy it and get started tomorrow!
Some of David’s Published Articles
To give you an insight to the white paper, please read one more of these articles.
Are your Key Performance Indicators hindering rather than helping your organization?
Many organisations are not working with their Key Performance Indicators (KPIs). They are working a potpourri of measures that gets them no where and have not had the impact management and the Board were seeking.
Does this sound like your organisation? If so, read this free, award winning, article for more information on how to change this.
David Parmenter’s work on KPIs has received international recognition. His book “Key Performance Indicators – developing, implementing and using winning KPIs” published in January 2007 is already being published in Chinese. His white paper covers the latest thinking on KPIs.
David believes that KPIs themselves are mislabelled and misused. Organisations with over 20 KPIs lack focus, lack alignment and under achieve. In fact, there are normally less than 10 true KPIs in an organisation and these are measured and reported 24/7, daily, or at the outside weekly. In addition that there are four types of performance measures and thus choosing the right mix is crucial for effective measurement and control.