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 measured and reported, 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 brought to light three discoveries to unlock performance measures from their shackles.
1. An organization operating without its critical success factors, known by all staff, is aimless
2. Most measures are not in fact KPIs they are result indicators — measures that show how teams have worked together, often measured monthly leading to a busy reporting machine that fails the organization
3. All KPIs are non-financial, measured 24/7, daily or at the very least, weekly
David Parmenter’s KPI toolkit (whitepaper and accompanying electronic media) contains up to the minute research and discoveries since the fourth edition of Key Performance Indicators was published. There are three options based on size of your organisation. Ones for less than 100 FTEs, 100- to 250 FTEs and over 250 FTEs.
What is a Key Performance Indicator (KPI)?
Key Performance Indicators (KPIs) are those indicators that focus on the aspects of organisational performance that are the most critical for the current and future success of the organisation. KPIs have seven characteristics, which are explained in Chapter 1 KPI-book 4th edition “The Great Misunderstanding”. It is a myth to consider all performance measures to be KPIs. There are in fact four types of performance measures. There will only be about 8 – 10 KPIs in an organisation. For more information, also read Chapter 2 KPI book 4th edition ” The myths of performance measurement”.
Imagine the staff in your organisation linked to the critical success factors, focusing on the key activities that need to be done well, day-in and day-out.
This is why enterprises need to ascertain their critical success factors, communicate them, and then measure progress with them.
KPIs are more than just a management and leadership catchphrase. The right KPIs, properly deployed, can transform your organisation – creating the kind of competitive advantage that delivers greater profitability and bigger bonus pools. The last two decades spent consulting and speaking to global enterprises and audiences in 31 countries and writing four books on the impact of KPIs, has convinced me that no other single management tool delivers more profound and positive organisational change. My winning KPIs are chosen and designed to cut through and sweep away management practices and performance issues that clog daily operations.
By adopting, embracing and implementing my winning KPIs you can expect:
- Advanced operational performance, better job alignment invariably leading to happier customer
- More clearly defined critical success factors and related performance measures resulting in a competitive advantage
- An up-welling of innovation throughout your enterprise
- A better led and managed organisation dedicated to best practice performance
- To attract, recruit and retain the right people
People deliver results. But they need to know what’s expected of them. They also need to know how and when they have achieved the right results.
A breakthrough 4th Edition of my best selling KPI Book can now be ordered from Amazon
Here are three chapters for you to assess the value of this new edition. I can guarantee you will never look and use KPIs in the same way again. This book has further simplified my work and I fervently hope that it speeds up the desire to use and implement of winning KPIs.
Introduction 4th Edition
Chapter 1 KPI-book 4th edition “The Great Misunderstanding”.
Chapter 2 KPI book 4th edition ” The myths of performance measurement”.
Click this link to look inside the new 4th edition and order from Amazon
Free E-templates to readers who post a review
If you have already read the book and are prepared to write a 100 -150 word review I will send you free of charge the templates from the book as long as the review is lodged on Amazon and goodreads. Please email me as soon as this is done using parmenter [at] waymark [.] co [.] nz
Other writers in this space
Jeff Smith – has written a book and specializes in KPIs in the automotive industry. He still calls all performance measures KPIs, and has 8 categories from process, input, output, leading, lagging, outcome, qualitative, and quantitative KPIs. I totally disagree with looking at this confusing way of KPIs, but if it suits the way you think, it might be worth reading his work.
A point to note is that his book is self published through his company Insight Training and Development Ltd.
Stacey Barr – has developed a very practical approach to ascertaining KPIs. She has an 8 step process in her PuMP methodology. Her work is certainly worth reviewing, and a decision should be made which methodology you want to use, or a hybrid between my methodology and Stacey’s.
Accessing David Parmenter’s intellectual property
Delivering the two day CSF workshop as 5 *2.5 hour webinar series
The two day workshop is a vital step in a KPI project and this is a less expensive way of getting some rubber on the road. Click here to enquire more about this option.
KPI and CSF Toolkits with E-Templates (currently on a special offer)
If you want to access the latest thoughts of David Parmenter, buy his KPI and CSF toolkits which are constantly updated and are a comprehensive (100 page) guide to get you to make change in the areas covered. each toolkit comes with accompanying electronic templates to get your implementation started. On time of acquisition David reviews and updates the tookit as appropriate. These toolkits are printed, signed and posted to the purchaser.
David Parmenter’s Working Guides (currently on a special offer)
For areas which are not covered by a toolkit David Parmenter has written a shorter (20- 30 pages) working guide to help you make progress. They can be read and absorbed in an hour. All you need to do is purchase them via the paypal link and I will send you the working guides are emailed with accompanying useful E-templates with 48 hours. To buy multiple guides access the special deal.
David Parmenter’s Pay-To-View Webinars
You can purchase David’s KPI webinar series recorded by leading accounting professional bodies. There are two webinars, each of 90 minutes long and there are some electronic templates downloadable from this website. You purchase directly from the relevant professional body and follow instructions, at the end of the webinar, to download the templates from my website using the disclosed password.
E-Templates From David Parmenter’s Best Selling KPI Book (currently on a special offer)
You can purchase all the electronic versions of the KPI book templates. Once the paypal notification has been received the templates are emailed with 48 hours.
David Parmenter’s Performance Measures Database known as a KPI database -(currently on a special offer)
The database, developed over the last twenty years, and regularly updated, is sent in both Access and Excel. In my KPI book, I have always provided a list of performance measures to help to start or rejuvenate a KPI project. To purchase the latest version of this Performance Measures database costs US$99. 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 400 measures to help with the selection process. The database contains an 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 factor in an organisation. Buy it and get started tomorrow!
Some Published Articles
KPI Toolkit (120 Page Whitepaper + e-template)How to implement Winning KPIs
This unique implementation toolkit has my latest thinking on KPIs. It is a comprehensive paper (120 pages), designed to help readers and workshop attendees implement the Winning KPI methodology. The toolkit comes with electronic media, eg: formats, templates, draft PowerPoints, and workshop templates to assist in swift implementation. In addition, a database of 400+ vetted performance measures is included.
I have spent around US$50,000 developing and updating this toolkit. I guarantee, you will save many times the cost of the toolkit. The KPI toolkit includes my latest thinking before it is printed and dispatched to you.