To create a KPI, follow the steps below.

• STEP 1: Go to Planning > Performance Measurement > KPIs.

• STEP 2: Click on the new icon at the top of the KPI list on the right-hand side of the screen.

Open

Figure 1.1

• STEP 3: Using the tick boxes on the top of the page, you can define if the KPI will be 'ACTIVE', 'ARCHIVED' and 'CONFIDENTIAL'.

• STEP 4: Enter a name for your KPI. Ensure that this name accurately describes what is being measured. The field length in the KPI name field is limited. So you may need to abbreviate some words. Include any additional information such as what the KPI means and how your organisation calculates it, in the Notes box below.  
  Add tags to the KPI from the tag field. Tags must be configured from the ‘Tag Configuration’ area (Strategy Navigation> Administration> Configuration> Tag Configuration) by the administrator in order to add tags here.

• 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. 

• 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.