Measuring Business Performance

Measuring Business Performance

37mIntermediate2021-05-12

Authors

Eddie Davila

Eddie Davila

Associate Chair for the ASU Supply Chain Management program

Course details

All companies are looking for that perfect metric, the one data point that will tell them everything they need to be successful. Measuring errors abound, but developing better metrics can be difficult. In this course, ASU instructor Eddie Davila walks you through how to create metrics that work well for your company. Eddie explains why it is important to measure performance and what some of the most common errors are in measuring your own company’s performance. He goes over what makes a good metric, how to evaluate your current measurement system to see if it aligns with your organization goals and how you can develop and test a system of measurement from scratch. Eddie also covers the importance of data visualization tools, such as dashboards and infographics.

Skills covered

Business AnalysisProject ManagementBusiness Analysis and StrategyDeep Dive (X:Y)

Concepts

Introduction

  • Measuring business performance

Basics of Measuring Business Performance

  • Why companies measure
  • Performance measurement terminology
  • What should my company measure

Developing a Metric

  • Characteristic of a good metric
  • Additional considerations in developing good metrics
  • The four types of data analytics

Systems of Metrics

  • Three categories of performance measurement
  • Measuring performance with a map
  • Evaluating a system of metrics

Performance Measurement Tools

  • Using scorecards to measure and manage performance
  • Dashboard and data considerations when measuring business performance

Conclusion

  • Next steps
40,000 Toman