KPI Signals
KPI Signals notifies you when the behavior of a process changes significantly. This feature applies standard statistical Process Behavior Charts to Performance Analytics indicators.
Every process undergoes variation. Most of this variation is normal, or 'common cause' variation, such as the small differences between each time you sign your name. What you need to know about is abnormal, or 'special cause' variation, such as when you sign with your off hand. KPI Signals lets you know when abnormal variation is occurring. KPI Signals incorporates Process Behavior Charts. These charts use standard statistical methods to pick out the signal of special cause variation from the noise of common cause variation.
KPI Signals uses standard 3-sigma parameters. "Three-sigma" means that the indicator scores for the process are expected almost always to remain within three standard deviations of the norm. The charts require at least five consecutive scores to calculate parameters.