Smart KPIs - Revision history

Designing Buildings: moved The KPI Portal - Key Performance Indicators to Smart KPIs

2022-06-29T09:18:01Z

moved The KPI Portal - Key Performance Indicators to Smart KPIs

← Older revision

Revision as of 09:18, 29 June 2022

Designing Buildings at 09:17, 29 June 2022

2022-06-29T09:17:33Z

← Older revision		Revision as of 09:17, 29 June 2022
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−	For a company, growth and improvement could have multiple subtexts- an increase in revenue, improved sales, company growth, etc. All these factors should align positively with the successful development and progression of an enterprise.	+	= Introduction =

−	~~Thus~~, ~~with~~ multiple ~~parameters involved~~, ~~it can become a tricky prospect for employees to be in cognizance of the business improvement strategy of their~~ company ~~if their tasks and goals are not associated~~ with the ~~same. This is where Key Performance Indicators (KPI) come into place. KPIs are defined as a quantifiable measure of performance for a particular objective over a decided amount~~ of ~~time~~.	+	For a company, growth and improvement could have multiple subtexts - an increase in revenue, improved sales, company growth, etc. All these factors should align positively with the successful development and progression of an enterprise.

−	~~= What~~ is ~~Smart KPIs? The~~ KPI ~~Portal =~~	+	Thus, with multiple parameters involved, it can become a tricky prospect for employees to be in cognizance of the business improvement strategy of their company if their tasks and goals are not associated with the same. This is where Key Performance Indicators (KPI) come into place. KPIs are quantifiable measures of performance for a particular objective over a specific time.

−	KPIs ~~can be simple or elaborate, based on an organisations' vision for its progression and the inclusion of people, processes, and program and represented as useable metrics(~~?). Progressive and forward-thinking organisations set 'SMART’ KPIs to ensure optimum metrics are used in supporting the organisation. SMART KPIs should be Specific, Measurable, Attainable, Relevant and Attainable to be effective for the organisation. The performance measurement with these indicators is periodically assessed, discussed, and modified for betterment to guide the organisation towards its goals.	+	= What are smart KPIs? =

−	~~So, how~~ can ~~employees as well~~ as organisations ~~benefit from~~ SMART KPIs~~? Well~~, ~~we have mentioned in~~ the ~~title that they improve business~~ performance, ~~but that does not give you the full picture~~, ~~right? Let us take a closer look~~.	+	KPIs can be simple or elaborate, based on an organisation's vision for its progression and the inclusion of people, processes, and programmes as useable metrics. Progressive and forward-thinking organisations set 'SMART’ KPIs to ensure optimum metrics are used in supporting the organisation. SMART KPIs should be Specific, Measurable, Attainable, Relevant and Attainable to be effective for the organisation. The performance measurement with these indicators is periodically assessed, discussed, and modified to guide the organisation towards its goals.

−	~~=== Performance Tracking Through~~ KPIs~~- The Crucial First Step: ===~~	+	So, how can employees as well as organisations benefit from SMART KPIs? Well, we have mentioned in the title that they improve business performance, but that does not give you the full picture.

−	Imagine going on a road trip without any signs on the road- it would be far more difficult if not impossible to complete your journey. KPI's are like the road signs they indicate and enable you to track your performance to assess whether you are moving in the right direction. So, for example, your goal for the quarter is enhanced customer satisfaction, a KPI in that domain will give you quantifiable measure in terms of customer satisfaction index/score. This way, the employees as well as the organisation can be on the same page with complete visibility. This can translate into better performance management.	+	=== Performance tracking through KPIs ===

−	=== Bridging the ~~Learning Gap- Skill Assessment:~~ ===	+	Imagine going on a road trip without any signs on the road - it would be far more difficult if not impossible to complete your journey. KPI's are like the road signs, they indicate and enable you to track your performance to assess whether you are moving in the right direction. So, for example, your goal for the quarter is enhanced customer satisfaction, a KPI in that domain will give you quantifiable measure in terms of customer satisfaction index/score. This way, the employees as well as the organisation can be on the same page with complete visibility. This can translate into better performance management.
		+
		+	=== Bridging the learning gap ===

	If a certain KPI output is not met over a period, it can be an indicator that the team requires further skill up gradation. This can then be achieved by providing the right training to the employees. Similarly, employees can identify learning gaps in their profile by assessing the KPI's and approach the learning department to seek appropriate training and skills. In this way, a KPI model can be created wherein a KPI is grouped with related event/ activity and a process flow established to add crucial information pertaining the requirements.		If a certain KPI output is not met over a period, it can be an indicator that the team requires further skill up gradation. This can then be achieved by providing the right training to the employees. Similarly, employees can identify learning gaps in their profile by assessing the KPI's and approach the learning department to seek appropriate training and skills. In this way, a KPI model can be created wherein a KPI is grouped with related event/ activity and a process flow established to add crucial information pertaining the requirements.
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	[[File:Smart_KPIs.jpg\|link=File:Smart_KPIs.jpg]]		[[File:Smart_KPIs.jpg\|link=File:Smart_KPIs.jpg]]

−	=== Better ~~Decision Making- Visual Roadmap for Planning:~~ ===	+	=== Better decision making ===

−	In this digital era, you can get curated dashboards and KPI scorecards on your screens to help you get all the performance related metrics right in front of ~~your eyes~~. When the stats are available for everyone to see, people management and self-management gets more effective. Such transparency also enables executives ~~in chalking down~~ factors that are contributing to the growth of the company and the ones that are not. Such data forms the ~~base~~ of ~~making~~ sound decisions. By generating actionable insights from the KPI's, a ~~fortified~~ plan may be established for each department, every team and all the employees to work collectively towards business improvement.	+	In this digital era, you can get curated dashboards and KPI scorecards on your screens to help you get all the performance related metrics right in front of you. When the stats are available for everyone to see, people management and self-management gets more effective. Such transparency also enables executives to identify factors that are contributing to the growth of the company and the ones that are not. Such data forms the basis of sound decisions. By generating actionable insights from the KPI's, a plan may be established for each department, every team and all the employees to work collectively towards business improvement.

−	=== Informed ~~Employees- Generating Feeling of Empowerment:~~ ===	+	=== Informed employees ===

−	The workplace today ~~(especially in these post-pandemic times)~~ is as dynamic ~~as it can get~~. A bottom-down approach is not only conservative, but it also leaves employees feeling left out. SMART KPI's address this issue by making employees aware of their individual progress and its relation to the overall organisation performance. Thus, with any KPI, an employee is gaining crucial knowledge about company goals. This makes them feel empowered and they can proactively participate in achieving the organisation goals.	+	The workplace today is dynamic. A bottom-down approach is not only conservative, but it also leaves employees feeling left out. SMART KPI's address this issue by making employees aware of their individual progress and its relation to the overall organisation performance. Thus, with any KPI, an employee is gaining crucial knowledge about company goals. This makes them feel empowered and they can proactively participate in achieving the organisation goals.

−	=== Better ~~Team Management- A Tool for the Managers:~~ ===	+	=== Better team management ===

−	Often team leaders and managers struggle to help their team members achieve their goals because they lack any proper measurement of performance. With KPI's, your team’s performance for a particular period (quarter, half year, annual) is right in front of you and you can ~~deduce the~~ areas ~~of improvement and required~~ for further improvement. Thus, managers can make better calls for their team in terms of individual growth and skill up gradation. By continuously recording KPIs, at the end of the year, managers can get a bird’s eye view of their team’s strengths and weaknesses and they can create upcoming year’s plan accordingly.	+	Often team leaders and managers struggle to help their team members achieve their goals because they lack any proper measurement of performance. With KPI's, your team’s performance for a particular period (quarter, half year, annual) is right in front of you and you can identify areas for further improvement. Thus, managers can make better calls for their team in terms of individual growth and skill up gradation. By continuously recording KPIs, at the end of the year, managers can get a bird’s eye view of their team’s strengths and weaknesses and they can create the upcoming year’s plan accordingly.

	[[File:Key_Performance_Indecators.jpg\|link=File:Key_Performance_Indecators.jpg]]		[[File:Key_Performance_Indecators.jpg\|link=File:Key_Performance_Indecators.jpg]]

−	In ~~summation~~, no matter what the size of your organisation ~~is and~~ what goals you are targeting, setting SMART KPIs can put you on the path of performance improvement. Maintaining KPIs may take some practice and ~~yes,~~ consistent discipline, but the payoffs are worth the efforts. Once you start tracking the progress and respond to the areas of improvement in a proactive manner, the SMART KPIs will begin to become a permanent tool for ~~your organisation~~ improvement	+	In summary, no matter what the size of your organisation or what goals you are targeting, setting SMART KPIs can put you on the path of performance improvement. Maintaining KPIs may take some practice and consistent discipline, but the payoffs are worth the efforts. Once you start tracking the progress and respond to the areas of improvement in a proactive manner, the SMART KPIs will begin to become a permanent tool for organisational improvement.
−		+
−	~~= External link =~~	+
−		+
−	~~[https://thekpiportal.com https://thekpiportal~~.~~com]~~	+

	= Related articles on [https://www.designingbuildings.co.uk/wiki/Designing_Buildings_Wiki Designing Buildings] =		= Related articles on [https://www.designingbuildings.co.uk/wiki/Designing_Buildings_Wiki Designing Buildings] =

Editor at 07:25, 27 June 2022

2022-06-27T07:25:09Z

← Older revision		Revision as of 07:25, 27 June 2022
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	In summation, no matter what the size of your organisation is and what goals you are targeting, setting SMART KPIs can put you on the path of performance improvement. Maintaining KPIs may take some practice and yes, consistent discipline, but the payoffs are worth the efforts. Once you start tracking the progress and respond to the areas of improvement in a proactive manner, the SMART KPIs will begin to become a permanent tool for your organisation improvement		In summation, no matter what the size of your organisation is and what goals you are targeting, setting SMART KPIs can put you on the path of performance improvement. Maintaining KPIs may take some practice and yes, consistent discipline, but the payoffs are worth the efforts. Once you start tracking the progress and respond to the areas of improvement in a proactive manner, the SMART KPIs will begin to become a permanent tool for your organisation improvement
		+
		+	= External link =
		+
		+	[https://thekpiportal.com https://thekpiportal.com]

	= Related articles on [https://www.designingbuildings.co.uk/wiki/Designing_Buildings_Wiki Designing Buildings] =		= Related articles on [https://www.designingbuildings.co.uk/wiki/Designing_Buildings_Wiki Designing Buildings] =

−	* ~~[https://www.designingbuildings.co.uk/wiki/Best_value~~ Best value].	+	* Best value.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Building_performance~~ Building performance].	+	* Building performance.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Facility_condition_index_FCI~~ Facility condition index FCI].	+	* Facility condition index FCI.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Health_performance_indicators_in_the_built_environment~~ Health performance indicators in the built environment].	+	* Health performance indicators in the built environment.
−	* ~~[https://www.designingbuildings.co.uk/wiki/How_progress_is_agreed_in_construction~~ How progress is agreed in construction].	+	* How progress is agreed in construction.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Identifying_the_causes_of_trends_in_construction_labour_productivity~~ Identifying the causes of trends in construction labour productivity].	+	* Identifying the causes of trends in construction labour productivity.
	* Key performance indicators KPI		* Key performance indicators KPI
−	* ~~[https://www.designingbuildings.co.uk/wiki/Mechanical_and_electrical_maintenance_customer_satisfaction_KPI%27s_2017~~ Mechanical and electrical maintenance customer satisfaction KPI's 2017].	+	* Mechanical and electrical maintenance customer satisfaction KPI's 2017.
	* Milestones.		* Milestones.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Performance~~ Performance].	+	* Performance.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Performance_requirements~~ Performance requirements].	+	* Performance requirements.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Progress_of_construction_works~~ Progress of construction works].	+	* Progress of construction works.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Schedule_performance_index_(SPI)~~ Schedule performance index (SPI)].	+	* Schedule performance index (SPI).
−	* ~~[https://www.designingbuildings.co.uk/wiki/Strategic_performance_targets~~ Strategic performance targets].	+	* Strategic performance targets.
−	* ~~[https://www.designingbuildings.co.uk/wiki/Sustainability_in_facility_management~~ Sustainability in facility management]	+	* Sustainability in facility management

	[[Category:DCN_Commentary]] [[Category:DCN_Project_Knowledge]] [[Category:Definitions]] [[Category:Publications_/_reports]] [[Category:Health_and_safety_/_CDM]] [[Category:Standards_/_measurements]] [[Category:Sustainability]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]		[[Category:DCN_Commentary]] [[Category:DCN_Project_Knowledge]] [[Category:Definitions]] [[Category:Publications_/_reports]] [[Category:Health_and_safety_/_CDM]] [[Category:Standards_/_measurements]] [[Category:Sustainability]] [[Category:Construction_management]] [[Category:Cost_/_business_planning]] [[Category:Procurement]]

Editor at 07:23, 27 June 2022

2022-06-27T07:23:48Z

Smartkpis: Created page with "For a company, growth and improvement could have multiple subtexts- increase in revenue, improved sales, company growth, etc. All these factors should align positively with the s..."

2022-06-25T13:37:01Z

Created page with "For a company, growth and improvement could have multiple subtexts- increase in revenue, improved sales, company growth, etc. All these factors should align positively with the s..."

New page

For a company, growth and improvement could have multiple subtexts- increase in revenue, improved sales, company growth, etc. All these factors should align positively with the successful development and progression of an enterprise.

Thus, with multiple parameters involved,it can become a tricky prospect for employees to be in cognizance of the business improvement strategy of their company if their tasks and goals are not associated with the same. This is where Key Performance Indicators (KPI) come into place. KPIs are defined as a quantifiable measure of performance for a particular objective over a decided amount of time.

= What is Smart KPIs? The KPI Portal =

KPIs can be simple or elaborate, based on an organisations' vision for its progression and the inclusion of people, processes, and program and represented as useable metrics(?). Progressive and forward-thinking organisations set ‘[https://thekpiportal.com/ SMART’ KPIs] to ensure optimum metrics are used in supporting the organisation. SMART KPIs should be Specific, Measurable, Attainable, Relevant and Attainable to be effective for the organisation. The performance measurement with these indicators is periodically assessed, discussed, and modified for betterment to guide the organisation towards its goals.

So, how can employees as well as organisation benefit from SMART KPIs? Well, we have mentioned in the title that they improve business performance, but that does not give you the full picture, right? Let us take a closer look.

=== Performance Tracking Through KPIs- The Crucial First Step: ===

Imagine going on a road trip without any signs on the road- it would be far more difficult if not impossible to complete your journey. KPIs are like the road signs they indicate and enable you to track your performance to assess whether you are moving in the right direction. So, for example, your goal for the quarter is enhanced customer satisfaction, a KPI in that domain will give you quantifiable measure in terms of customer satisfaction index/score. This way, the employees as well as the organisation can be on the same page with complete visibility. This can translate into better performance management.

=== Bridging the Learning Gap- Skill Assessment: ===

If a certain KPI output is not met over a period, it can be an indicator that the team requires further skill up gradation. This can then be achieved by providing the right training to the employees. Similarly, employees can identify learning gaps in their profile by assessing the KPIs and approach the learning department to seek appropriate training and skills. In this way, a KPI model can be created wherein a KPI is grouped with related event/ activity and a process flow established to add crucial information pertaining the requirements.

[[File:Smart KPIs.jpg]]

=== Better Decision Making- Visual Roadmap for Planning: ===

In this digital era, you can get curated dashboards and KPI scorecards on your screens to help you get all the performance related metrics right in front of your eyes. When the stats are available for everyone to see, people management and self-management gets more effective. Such transparency also enables executives in chalking down factors that are contributing to the growth of the company and the ones that are not. Such data forms the base of making sound decisions. By generating actionable insights from the KPIs, a fortified plan may be established for each department, every team and all the employees to work collectively towards business improvement.

=== Informed Employees- Generating Feeling of Empowerment: ===

The workplace today (especially in these post-pandemic times) is as dynamic as it can get. A bottom-down approach is not only conservative, but it also leaves employees feeling left out. SMART KPIs address this issue by making employees aware of their individual progress and its relation to the overall organisation performance. Thus, with any KPI, an employee is gaining crucial knowledge about company goals. This makes them feel empowered and they can proactively participate in achieving the organisation goals.

=== Better Team Management- A Tool for the Managers: ===

Often team leaders and managers struggle to help their team members achieve their goals because they lack any proper measurement of performance. With KPIs, your team’s performance for a particular period (quarter, half year, annual) is right in front of you and you can deduce the areas of improvement and required for further improvement. Thus, managers can make better calls for their team in terms of individual growth and skill up gradation. By continuously recording KPIs, at the end of the year, managers can get a bird’s eye view of their team’s strengths and weaknesses and they can create upcoming year’s plan accordingly.

[[File:Key Performance Indecators.jpg]]

In summation, no matter what the size of your organisation is and what goals you are targeting, setting SMART KPIs can put you on the path of performance improvement. Maintaining KPIs may take some practice and yes, consistent discipline, but the payoffs are worth the efforts. Once you start tracking the progress and respond to the areas of improvement in a proactive manner, the SMART KPIs will begin to become a permanent tool for your organisation improvement

= Related articles on [https://www.designingbuildings.co.uk/wiki/Designing_Buildings_Wiki Designing Buildings Wiki] =

* [https://www.designingbuildings.co.uk/wiki/Best_value Best value].
* [https://www.designingbuildings.co.uk/wiki/Building_performance Building performance].
* [https://www.designingbuildings.co.uk/wiki/Facility_condition_index_FCI Facility condition index FCI].
* [https://www.designingbuildings.co.uk/wiki/Health_performance_indicators_in_the_built_environment Health performance indicators in the built environment].
* [https://www.designingbuildings.co.uk/wiki/How_progress_is_agreed_in_construction How progress is agreed in construction].
* [https://www.designingbuildings.co.uk/wiki/Identifying_the_causes_of_trends_in_construction_labour_productivity Identifying the causes of trends in construction labour productivity].
* [https://www.designingbuildings.co.uk/wiki/Mechanical_and_electrical_maintenance_customer_satisfaction_KPI%27s_2017 Mechanical and electrical maintenance customer satisfaction KPI's 2017].
* [https://www.designingbuildings.co.uk/wiki/Performance Performance].
* [https://www.designingbuildings.co.uk/wiki/Performance_requirements Performance requirements].
* [https://www.designingbuildings.co.uk/wiki/Progress_of_construction_works Progress of construction works].
* [https://www.designingbuildings.co.uk/wiki/Schedule_performance_index_(SPI) Schedule performance index (SPI)].
* [https://www.designingbuildings.co.uk/wiki/Strategic_performance_targets Strategic performance targets].
* [https://www.designingbuildings.co.uk/wiki/Sustainability_in_facility_management Sustainability in facility management]

[[Category:Definitions]] [[Category:International]] [[Category:Projects_and_case_studies]] [[Category:Publications_/_reports]] [[Category:Health_and_safety_/_CDM]] [[Category:Planning_permission]] [[Category:Regulations]] [[Category:Standards_/_measurements]] [[Category:Sustainability]] [[Category:Construction_management]] [[Category:Construction_techniques]] [[Category:Contracts_/_payment]] [[Category:Cost_/_business_planning]] [[Category:Procurement]] [[Category:Property_development]] [[Category:BIM]] [[Category:BREEAM]] [[Category:Conservation]]

← Older revision		Revision as of 07:23, 27 June 2022
Line 1:		Line 1:
−	For a company, growth and improvement could have multiple subtexts- increase in revenue, improved sales, company growth, etc. All these factors should align positively with the successful development and progression of an enterprise.	+	For a company, growth and improvement could have multiple subtexts- an increase in revenue, improved sales, company growth, etc. All these factors should align positively with the successful development and progression of an enterprise.

−	Thus, with multiple parameters involved,it can become a tricky prospect for employees to be in cognizance of the business improvement strategy of their company if their tasks and goals are not associated with the same. This is where Key Performance Indicators (KPI) come into place. KPIs are defined as a quantifiable measure of performance for a particular objective over a decided amount of time.	+	Thus, with multiple parameters involved, it can become a tricky prospect for employees to be in cognizance of the business improvement strategy of their company if their tasks and goals are not associated with the same. This is where Key Performance Indicators (KPI) come into place. KPIs are defined as a quantifiable measure of performance for a particular objective over a decided amount of time.

	= What is Smart KPIs? The KPI Portal =		= What is Smart KPIs? The KPI Portal =

−	KPIs can be simple or elaborate, based on an organisations' vision for its progression and the inclusion of people, processes, and program and represented as useable metrics(?). Progressive and forward-thinking organisations set ~~‘[https://thekpiportal.com/~~ SMART’ KPIs] to ensure optimum metrics are used in supporting the organisation. SMART KPIs should be Specific, Measurable, Attainable, Relevant and Attainable to be effective for the organisation. The performance measurement with these indicators is periodically assessed, discussed, and modified for betterment to guide the organisation towards its goals.	+	KPIs can be simple or elaborate, based on an organisations' vision for its progression and the inclusion of people, processes, and program and represented as useable metrics(?). Progressive and forward-thinking organisations set 'SMART’ KPIs to ensure optimum metrics are used in supporting the organisation. SMART KPIs should be Specific, Measurable, Attainable, Relevant and Attainable to be effective for the organisation. The performance measurement with these indicators is periodically assessed, discussed, and modified for betterment to guide the organisation towards its goals.

−	So, how can employees as well as ~~organisation~~ benefit from SMART KPIs? Well, we have mentioned in the title that they improve business performance, but that does not give you the full picture, right? Let us take a closer look.	+	So, how can employees as well as organisations benefit from SMART KPIs? Well, we have mentioned in the title that they improve business performance, but that does not give you the full picture, right? Let us take a closer look.

	=== Performance Tracking Through KPIs- The Crucial First Step: ===		=== Performance Tracking Through KPIs- The Crucial First Step: ===

−	Imagine going on a road trip without any signs on the road- it would be far more difficult if not impossible to complete your journey. ~~KPIs~~ are like the road signs they indicate and enable you to track your performance to assess whether you are moving in the right direction. So, for example, your goal for the quarter is enhanced customer satisfaction, a KPI in that domain will give you quantifiable measure in terms of customer satisfaction index/score. This way, the employees as well as the organisation can be on the same page with complete visibility. This can translate into better performance management.	+	Imagine going on a road trip without any signs on the road- it would be far more difficult if not impossible to complete your journey. KPI's are like the road signs they indicate and enable you to track your performance to assess whether you are moving in the right direction. So, for example, your goal for the quarter is enhanced customer satisfaction, a KPI in that domain will give you quantifiable measure in terms of customer satisfaction index/score. This way, the employees as well as the organisation can be on the same page with complete visibility. This can translate into better performance management.

	=== Bridging the Learning Gap- Skill Assessment: ===		=== Bridging the Learning Gap- Skill Assessment: ===

−	If a certain KPI output is not met over a period, it can be an indicator that the team requires further skill up gradation. This can then be achieved by providing the right training to the employees. Similarly, employees can identify learning gaps in their profile by assessing the ~~KPIs~~ and approach the learning department to seek appropriate training and skills. In this way, a KPI model can be created wherein a KPI is grouped with related event/ activity and a process flow established to add crucial information pertaining the requirements.	+	If a certain KPI output is not met over a period, it can be an indicator that the team requires further skill up gradation. This can then be achieved by providing the right training to the employees. Similarly, employees can identify learning gaps in their profile by assessing the KPI's and approach the learning department to seek appropriate training and skills. In this way, a KPI model can be created wherein a KPI is grouped with related event/ activity and a process flow established to add crucial information pertaining the requirements.

−	[[File:~~Smart KPIs~~.jpg]]	+	[[File:Smart_KPIs.jpg\|link=File:Smart_KPIs.jpg]]

	=== Better Decision Making- Visual Roadmap for Planning: ===		=== Better Decision Making- Visual Roadmap for Planning: ===

−	In this digital era, you can get curated dashboards and KPI scorecards on your screens to help you get all the performance related metrics right in front of your eyes. When the stats are available for everyone to see, people management and self-management gets more effective. Such transparency also enables executives in chalking down factors that are contributing to the growth of the company and the ones that are not. Such data forms the base of making sound decisions. By generating actionable insights from the ~~KPIs~~, a fortified plan may be established for each department, every team and all the employees to work collectively towards business improvement.	+	In this digital era, you can get curated dashboards and KPI scorecards on your screens to help you get all the performance related metrics right in front of your eyes. When the stats are available for everyone to see, people management and self-management gets more effective. Such transparency also enables executives in chalking down factors that are contributing to the growth of the company and the ones that are not. Such data forms the base of making sound decisions. By generating actionable insights from the KPI's, a fortified plan may be established for each department, every team and all the employees to work collectively towards business improvement.

	=== Informed Employees- Generating Feeling of Empowerment: ===		=== Informed Employees- Generating Feeling of Empowerment: ===

−	The workplace today (especially in these post-pandemic times) is as dynamic as it can get. A bottom-down approach is not only conservative, but it also leaves employees feeling left out. SMART ~~KPIs~~ address this issue by making employees aware of their individual progress and its relation to the overall organisation performance. Thus, with any KPI, an employee is gaining crucial knowledge about company goals. This makes them feel empowered and they can proactively participate in achieving the organisation goals.	+	The workplace today (especially in these post-pandemic times) is as dynamic as it can get. A bottom-down approach is not only conservative, but it also leaves employees feeling left out. SMART KPI's address this issue by making employees aware of their individual progress and its relation to the overall organisation performance. Thus, with any KPI, an employee is gaining crucial knowledge about company goals. This makes them feel empowered and they can proactively participate in achieving the organisation goals.

	=== Better Team Management- A Tool for the Managers: ===		=== Better Team Management- A Tool for the Managers: ===

−	Often team leaders and managers struggle to help their team members achieve their goals because they lack any proper measurement of performance. With ~~KPIs~~, your team’s performance for a particular period (quarter, half year, annual) is right in front of you and you can deduce the areas of improvement and required for further improvement. Thus, managers can make better calls for their team in terms of individual growth and skill up gradation. By continuously recording KPIs, at the end of the year, managers can get a bird’s eye view of their team’s strengths and weaknesses and they can create upcoming year’s plan accordingly.	+	Often team leaders and managers struggle to help their team members achieve their goals because they lack any proper measurement of performance. With KPI's, your team’s performance for a particular period (quarter, half year, annual) is right in front of you and you can deduce the areas of improvement and required for further improvement. Thus, managers can make better calls for their team in terms of individual growth and skill up gradation. By continuously recording KPIs, at the end of the year, managers can get a bird’s eye view of their team’s strengths and weaknesses and they can create upcoming year’s plan accordingly.

−	[[File:~~Key Performance Indecators~~.jpg]]	+	[[File:Key_Performance_Indecators.jpg\|link=File:Key_Performance_Indecators.jpg]]

	In summation, no matter what the size of your organisation is and what goals you are targeting, setting SMART KPIs can put you on the path of performance improvement. Maintaining KPIs may take some practice and yes, consistent discipline, but the payoffs are worth the efforts. Once you start tracking the progress and respond to the areas of improvement in a proactive manner, the SMART KPIs will begin to become a permanent tool for your organisation improvement		In summation, no matter what the size of your organisation is and what goals you are targeting, setting SMART KPIs can put you on the path of performance improvement. Maintaining KPIs may take some practice and yes, consistent discipline, but the payoffs are worth the efforts. Once you start tracking the progress and respond to the areas of improvement in a proactive manner, the SMART KPIs will begin to become a permanent tool for your organisation improvement

−	= Related articles on [https://www.designingbuildings.co.uk/wiki/Designing_Buildings_Wiki Designing Buildings ~~Wiki~~] =	+	= Related articles on [https://www.designingbuildings.co.uk/wiki/Designing_Buildings_Wiki Designing Buildings] =

	* [https://www.designingbuildings.co.uk/wiki/Best_value Best value].		* [https://www.designingbuildings.co.uk/wiki/Best_value Best value].
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	* [https://www.designingbuildings.co.uk/wiki/How_progress_is_agreed_in_construction How progress is agreed in construction].		* [https://www.designingbuildings.co.uk/wiki/How_progress_is_agreed_in_construction How progress is agreed in construction].
	* [https://www.designingbuildings.co.uk/wiki/Identifying_the_causes_of_trends_in_construction_labour_productivity Identifying the causes of trends in construction labour productivity].		* [https://www.designingbuildings.co.uk/wiki/Identifying_the_causes_of_trends_in_construction_labour_productivity Identifying the causes of trends in construction labour productivity].
		+	* Key performance indicators KPI
	* [https://www.designingbuildings.co.uk/wiki/Mechanical_and_electrical_maintenance_customer_satisfaction_KPI%27s_2017 Mechanical and electrical maintenance customer satisfaction KPI's 2017].		* [https://www.designingbuildings.co.uk/wiki/Mechanical_and_electrical_maintenance_customer_satisfaction_KPI%27s_2017 Mechanical and electrical maintenance customer satisfaction KPI's 2017].
		+	* Milestones.
	* [https://www.designingbuildings.co.uk/wiki/Performance Performance].		* [https://www.designingbuildings.co.uk/wiki/Performance Performance].
	* [https://www.designingbuildings.co.uk/wiki/Performance_requirements Performance requirements].		* [https://www.designingbuildings.co.uk/wiki/Performance_requirements Performance requirements].
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	* [https://www.designingbuildings.co.uk/wiki/Sustainability_in_facility_management Sustainability in facility management]		* [https://www.designingbuildings.co.uk/wiki/Sustainability_in_facility_management Sustainability in facility management]

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