Part of managing strategic risk is determining the key financial and operational metrics (the key performance indicators) that the business will monitor on a regular basis.

There should only be a few key performance indicators that are regularly reviewed by management.  The fewer the metrics, the more likely management will treat them as a priority and focus on potential responses to the information provided.  To many performance indicators and it becomes and exercise in data recitation.

The key performance indicators should be indicated in a “DASHBOARD” or “SCORECARD” that is regularly reviewed in management meetings.

Let us help you design key performance indicators that you can use to drive results for your business.

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