KPI Dashboard is a centralized control panel that visualizes essential information about performance of some object (e.g. project, process, event) through using key performance indicators (KPIs). It provides users with real-time data for monitoring KPIs for a company and measuring how this company is performing against predetermined business objectives and metrics.
KPI dashboard allows executives and managers to gain insight into performance status at enterprise-wide, department or individual level. For instance, KPI dashboard implementation for sales allows sales managers to measure sales team performance against a predetermined set of sales objectives, with additional performance measures for sales activities and transactions.
KPI dashboard displays performance-related data for an organization from a variety of different sources through high-level visuals, such as reports, diagrams, and spreadsheets. Users are able to filter and sort the data to focus on needed KPIs and quickly assess performance status of a selected activity.
KPI dashboards help decision makers to:
- Transform business objectives into measurable individual performance goals
- Measure these goals on an established periodic basis
- Detect performance issues immediately as they arise
- Plan for performance enhancement through forecasting.