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STEP 5: Enter a unit of measurement by clicking on the drop-down list ‘UNIT’ and select the most suitable one.
Examples include number, percentage, days, and currency. This is the ‘Y’ axis of the KPI graph.STEP 6: Select a period which indicates how often you want to measure this indicator.
For example, is it Monthly, Quarterly or Annually? It is important that this is chosen correctly in the first instance as it cannot be modified once created.STEP 7: Choose your aggregation method from the available options: Cumulative, Normal and Average.
The cumulative method will result in the system summing up values based on the time frames selected.
The normal method will return the figure for the last closing reporting period within the selected time frame.
The average method will display data as an average of the period of analysis.
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Important: If you have changed the KPI aggregation at any time after setting it up, you will need to resave the targets and actuals tab (resave the current data) in order for the calculations to be refreshed and reflect correctly within other screens/reports, etc. |
STEP 8: Select the calculation method for the KPI which determines the rules behind the traffic light reporting. You can choose Less is better, More is better or Goal Post as the calculation method.
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