The key performance indicators (KPIs) are readily used in almost every process and industry to track the performance. Thus, the project managers and business experts always use the KPI dashboard excel template to track the processes for the achievement of a goal.
The KPIs are measurable quantitative values of a process that are critical to track and help to analyze the performance of a process. Thus, business experts and project managers’ focus is to identify the best KPIs of relevant processes.
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There are several strategies devised for this purpose. However, the use of performance measure strategy SMART integration with 7W’s is a very helpful technique.
Once the KPIs are being successfully identified. The next task is to plan, how these KPIs will be tracked in continuous or real-time. Here comes the need for the dashboard.
A dashboard is a visual representation or display of the KPIs summary. Moreover, KPI dashboards provide a very easy and quick overview of the status of the process. However, the set of important KPIs allows the manager to analyze if the process is performing well to achieve a goal.
Let’s briefly discuss project management metrics KPIs and dashboards and business KPIs dashboard excel template.
Are you managing a business or critical function of a business and looking forward to using KPIs Dashboard? Firstly, it is important to decide what are the Key Performance Indicators use need to track.
So, Checkout out our complete guide on Project Management KPI Metrics and How to Create Project KPIs.
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The project managers make use of the KPI dashboard excel template daily. Because the KPI dashboard excel template provides a quick and easy visualization of process key performance indicators to track.
Also, the project management team uses the project management KPI dashboard in excel for daily decision making keeping in view the real-time data of process KPIs.
So, any abnormality in the project KPIs value is an indication of some issues. Thus, the project manager can identify the issue and work to resolve it on time. If these KPIs are left unmonitored. The issues will stay unnoticed before making a severe impact on the project metrics.
Furthermore, the actual role of the KPI dashboard template in excel is to provide enough information for daily analysis to avoid the eruption of any risk. Similarly, the project managers use the KPI dashboard template excel in meetings to show the efficiency of tasks they are responsible for.
Also, the project stakeholders use the KPI dashboard in tableau to analyze the actual performance graph of a project. Thus, the investors compare the actual performance of KPIs with the project plan and analyze its rigidity.
Further, the display of the free KPI dashboard keeps on changing. As the purpose of using KPI dashboard google sheets is to analyze the most relevant information of any stage. Thus, it’s not static and information on the display of the tableau KPI dashboard keeps on changing from stage to stage.
Finally, the project KPI dashboard template in the tableau is the best tracking tool to analyze the project performance and communication medium to bring all stakeholders on the same page.
A simple project management KPI dashboard template excel includes information about project health, schedule, progress, and issues.
So, the health part of the display includes the key performance indicators in the form of consumed resources, elapsed time, potential risks, and open issues.
However, the schedule section displays information about the tasks. Like how many tasks are completed? What tasks are in-progress and what is coming next?
Similarly, the project progress module is used for monitoring parameters like the achievement of milestones and goals.
Moreover, the issues section display and track the status of open issues of issue tracking spreadsheet.
Therefore, the issues section of the project KPIs dashboard includes information about the resolved and open issues. Also, it defines the priority of issues resolution based on their severity and impact.
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There are several KPI dashboards helpful for the efficient management of business functions. As every company has several departments to ensure the proper functionality of a business.
So, the right approach to achieve the set goals to break the goal into small milestones.
These milestones are allocated to the relevant department to fulfill their responsibility for achievement. So, the department heads define departmental KPIs which are displayed on the KPI dashboard template.
Thus, it enables the department head to continuously track the performance of KPIs.
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The following are the most common tableau KPI dashboard excel templates for different business functions.
The following KPI dashboards are based on the general KPIs of businesses. However, every business needs to define its Key Performance Indicators very carefully. So, check out our guide on How to Define Business KPIs.
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The marketing and advertising experts use a KPI dashboard in Tableau to monitor their daily targets and achievements. So, these experts define a set of KPIs that are very helpful in tracking department performance.
Thus, the marketing professionals KPI dashboard google sheet or share point display the following information.
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The sales KPI dashboard best practices are to track the performance of the sales department using KPIs. So, the sales team uses statistical tools for analysis of KPIs. Thus, the analysis results and KPI values are displayed on the sales KPI dashboard excel template.
Further, the sales experts usually divide the KPI dashboard into three sections. Few KPIs are important to track daily. While others are for weekly and monthly periods.
Thus, the following sales KPIs are important to display on the KPI dashboard for real-time monitoring.
The financial experts use a KPI dashboard in Tableau to track the performance of financial KPIs. Further, these experts define a set of KPIs that are very helpful in tracking finance department performance.
Thus, the financial professionals KPI dashboard google sheet or share point display the following information.
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The retailers use a KPI dashboard in Tableau to track the performance of a retail shop or franchise KPIs.
Thus, the financial professionals KPI dashboard google sheet or share point display the following information.
The HR department of the project or business uses the human resource KPI dashboard to visualize the performance of HR functions.
Also, the role of the human resource department is to make sure the availability of the best talent for the required tasks at the right time.
However, many activities require keen attention of the HR department for fulfillment.
Therefore, the HR KPI dashboard excel template displays information such as total salary, average salary, total benefits, average age, gender ratio, permanent rate, turnover rate, and absenteeism rate.
Thus, the following KPIs are valuable to display on HR KPI Template in tableau.
The manufacturing KPIs are very helpful in the manufacturing industry on the production floor. So, the target of manufacturing the KPI dashboard is to assist in proper tracking of the manufacturing process performance to maximize productivity.
Thus, a simple free manufacturing KPI dashboard includes the following information on the display:
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SEO KPIs are defined to monitor the performance of online marketing activities. Also, the search engine optimization of a business website attracts more organic traffic to visit the company website.
Thus, the companies focus on SEO to reach maximum people using an online platform to generate leads. Furthermore, the following KPIs are very important to display on the SEO KPI dashboard excel template.
There are a lot of KPI involve in Call Center business performance tracking. These KPIs are used to track the performance of individual call representatives.
Thus, the call center manager uses call center KPI dashboard to analyze the completion of the task and performance of subordinates.
In Short, the key performance indicators (KPIs) are very critical parameters of the processes to properly monitor, track and control.
Thus, the KPI dashboard tool helps the teams to display the information of KPIs in a visually appealing way. So, the managers can get a quick view of how well the department is performing to achieve the set goals.
Also, the continuous tracking of KPIs using KPI dashboard alerts about any abnormality in real-time before the occurrence of critical issues.
Further, it is a choice of manager to use MS Excel integrated with share point, Google Sheets, or Tableau for KPI dashboard creation.
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