Using KPI Scorecards

Key performance indicators (KPIs) are business metrics that are used to follow a company's progress. All organizations need to assess their state in the market from time to time. Key performance indicators are the statistics used to track projected business goals.

Similarly, scorecards are another management tool used to track performance. These are a kind of report card for employees that provide a framework for an ideal work place. As with a school report card, using KPI scorecards involves a results-based style of management and action.

The Style Intelligence Approach to creating KPI Scorecards

The InetSoft scorecard is a collection of objects known as 'targets'. Each target helps monitor the performance of a metric. It specifies the metric, how and when a metric's performance is evaluated, what the goal or target is, and what action to take if the goal is not met.

The scorecard provides an easy way to monitor multiple key performance indicators, on a single page. In addition to checking status, you can drill down on a metric to see more detail, and set up alert notification for a failing metric.