Project and business management is like a deep-sea having no limits. There are plenty of processes that are essential for project and business management. Further, these processes require proper tracking and management to ensure the success of a project. Thus, the simple KPI template XLS template is very helpful in project phases from the definition, planning, execution, and closure.
As every process of a project or business has a certain value and impact on the project’s success. Thus, it’s important to understand project management KPI template excel sheets.
So, the project managers can perceive the discrete and consolidated impact of simple KPI template XLS on the project quality, schedule, performance, resources, and budget.
Therefore, it is important to understand what are the simple KPI of a project or any business and how to track, monitor, and control these key performance indicators using a simple KPI template XLS excel template.
KPIs or key performance indicators are the measurable values of a process. These parameters are crucial to monitor and reflect the success event of a process.
Furthermore, the simple KPI template XLS excel helps to understand and track, how well the business or project processes are performing to achieve the set goals.
KPI dashboard template is used to display the project management KPI XLS information. So, these project management KPI dashboards provide a quick and summarized view of project management KPI metrics success.
Simple KPI template XLS helps the business experts and project team in the decision-making process. Also, it provides the required information in the presentable format of project management KPI XLS.
Thus, it is the best way of communicating information about project management office KPI success.
Related Article: Project Management KPIs and Dashboards
Table of Contents,
Importance of Simple KPI Template XLS Excel
The simple KPI template XLS excel is very helpful in business and project management.
These templates are used by each function of the business and a project. Thus, the most common simple KPI template XLS is project management KPI template Excel.
Simple KPI Template XLS excel spreadsheet project in-depth understanding of the project processes. It answers all the critical functions of the process.
Thus, the main focus of the team is to defined process KPIs that help to define, plan, track, monitor, and control the process.
Project Management KPI Metrics
The project management metrics are the quantitative measuring value. These are used to assess, compare, and track the simple KPI template XLS.
Moreover, the project management KPI metrics help to understand how much value does the simple KPIs achievement has added to the project.
Thus, the following are the best project management KPI metrics for any project:
- Planned Value (PV)
- Actual Cost (AC)
- Earned Value (EV)
- Cost Variance (CV)
- Schedule Variance (SV)
- Cost Performance Indicator (CPI)
- Gross Contribution Margin
- Return on Investment
- Payback Period
Examples of Simple KPI Template XLS Excel
The use of simple KPI template XLS is very important for efficient and quick analysis of a business or project process health. Thus, a professional can easily identify any issue in the values of simple KPI template XLS and workout to reach the root cause.
Thus, the target of simple KPI template XLS excel sheet to monitor all major categories of KPIs.
The project management KPI examples are very common and easy to understand. Therefore, project management KPI template XLS has four major heads: timeline, budget, quality, and effectiveness.
Project timeline and quality KPIs sections are very important for investors. Because they are always looking for a timely return and high return on investment. Thus, the project management KPI template excel mainly focuses on simple KPIs of project timeline and quality.
So, the project timeline target focus on the key performance indicators of project scheduling, task management, resource management, and risk management sections.
Similarly, project quality targets are important for the process of project tracking and monitoring. Whereas, the project budge targets the KPIs relevant to the process of cost management, budget tracking, cost control, and funds management.
Moreover, the project management KPI templates are readily available for almost all the project processes. Typically, the professionals of project management develop these templates using MS Office Suite, or Google Sheets.
The simple KPI template XLS is also used for business functions. Thus, the most common use of business simple KPI template XLS excel is for following business processes:
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- Marketing KPI Template XLS
- Human Resource KPI Template Excel
- Manufacturing Simple KPI Excel Template
- SEO KPIs Template
- Construction Simple KPIs Spreadsheet
- Sales Simple KPIs XLS Excel
- Financial KPIs Template XLS
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Project Management KPI Template Excel
The project managers always prefer to use simple KPI template XLS as project management Office KPI dashboard. Because it is the best KPI template excel that helps the project managers to monitor, track, and control the project management KPI metrics.
This simple KPI template excel has four major sections: a project schedule, project health, project issues, and project performance.
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 managers use project progress module 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.
Related Article: 12+ Free Project Tracking Templates for Excel | Project Trackers
How to create a Project Management KPI Template XLS
The project managers’ priority for any project process is to identify the simple KPIs of the process. Thus, designing simple KPIs for any process is very important for process success.
As KPIs importance of continuous monitoring keeps on changing as project progress. Thus, project managers have to recognize which simple KPIs are important at what stage.
Thus, the project managers prefer to use the project performance measurement strategy named “SMART”. The SMART term is an abbreviation of Specific, measurable, attainable, relevant, and time-based.
Furthermore, the SMART approach provides the guidelines to identify simple KPIs to use for project management KPI XLS as project management office KPI sheet.
- Develop a clear understating of the project objective.
- Decide the metrics to define project success.
- Identify the project key stakeholders.
- Select a strategy to monitor the project earned value and performance.
- Set and agree on a reasonable schedule to determine the success or failure of a project.
Also, the objective of developing simple KPI template XLS excel is to ensure proper tracking, monitoring and controlling. So, the project management KPI template excel can be aligned with the project goals.
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Free Download Simple KPI Dashboard Templates
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Top 10 Frequently Asked Questions about Simple KPI Excel
There are many questions in the FAQ list of simple KPI template XLS. However, the top 10 and the basic ones are:
KPI stands for Key Performance Indicator.
KPIs are the process metrics to monitor the achievement of a set goal. Also, these are used for business functions at different levels.
The SMART performance measurement.
KPIs are identified by the leaders and top-level managers. A brainstorming session with subordinates and stakeholders is also important.
The use of SMART strategy integration with 7W’s is very helpful in the definition process of KPIs.
There is no term as general or best KPI. KPIs are linked with the goals. Thus, the same simple KPIs can be used for common goals for the same nature business.
KPI should be used to monitor, track, and control the progress toward a goal.
KPIs should be kept to the minimum number. Thus, it is important to identify the most critical ones.
Any individual, business, or project team who wants to achieve a set goal.
KPI dashboard is a visual representation of KPIs to assist in quick and easy tracking.
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