Define/align on KPIs and Metrics

Adil Chaoui
ServiceNow Employee
ServiceNow Employee

To track and measure value, clear KPIs and measures should be in place. We want to ensure stakeholders can measure the progress of the project against ROI.

The key activities of defining and aligning on KPIs and Metrics are:

  • Identify the metrics that drive outcome in business activities or processes.  Example: CSAT can be used.
  • Translate metrics into estimates of financial value.
  • Validate KPIs and metrics with stakeholders.

What have you found to work well for defining and aligning on business case and KPI Metrics?

 

 
19 REPLIES 19

kaine
Tera Contributor

 

I have found that KPIs should directly measure the success of the business objective. And so it makes sense to use the SMART framework: Specific, Measurable, Achievable, Relevant, Time-bound.

 

Justin W
Tera Contributor

Although I don't have much experience with this given my role, I'd imagine having the key stakeholders in the room to discuss would be very important.  You can get a lot of feedback/thoughts from lots of people but its important to make sure that they are the "right" people.

acruza
Giga Contributor

Identify the customer’s business needs, current IT/operations pain points, budget, urgency. Articulate the business outcome: e.g., reducing operational cost, improving time to market, increasing agility. Clarify how to measure and track value / ROI for the solution.

eliasmariz
Giga Contributor

Sem as métricas e KPI's validados pelas partes interessadas, torna-se impossível medir o progresso de um projeto em relação ao ROI.
É de extrema importância a identificação das métricas que impulsionam o resultado nas atividades de negócio, bem como, a tradução de métricas em stimativas e validação de KPI's.