Performance Management Dashboard

A performance management dashboard is a collection of charts and reports, typically displayed in an aggregated manner designed to provide key metrics related to employee performance, business performance and overall corporate results. Performance management dashboards are typically delivered through business intelligence software to employees throughout the organization.

Benefits of a Performance Management Dashboard

A performance management dashboard can provide a number of significant benefits to the organization. Chief among them is the ability to track the performance of key individuals, projects or company areas in an effort to measure the company's overall performance. A performance management dashboard can highlight inefficiencies in process or opportunities that may arise for the business. With a performance management dashboard a company can better focus its expenditures and resources, yielding significant savings or revenue gains over time.

Variations on a Performance Management Dashboard

A performance management dashboard is a tool that can be deployed across a number of different departments and for different purposes. An HR department performance management dashboard might track employee attendance records, time off and other HR related metrics while a marketing performance management dashboard might track lead to sale conversions, campaign performance and product sales. A performance management dashboard can be also deployed to track productivity; for example, a manufacturing performance management dashboard might track defect rates from an assembly line. Through a performance management dashboard the organization can maintain vigilance across a number of key metrics.

Planning a Performance Management Dashboard

The first, and most critical step in planning any performance management dashboard is to identify the key measurements that will make up the performance management dashboard. These are known as Key Performance Indicators, or KPIs. KPIs for a performance management dashboard must be based on data points that are readily available and that measure important information. For instance, a marketing performance management dashboard might track lead to sale conversion, but the number of calls made by sales may not necessarily be a key metric for the performance management dashboard. The challenge then is to identify measurements for the specific performance management dashboard that are vital.

Tools for a Performance Management Dashboard

There are a number of ways to create and deploy a performance management dashboard. The simplest way would be to use spreadsheet programs to report on and track the key metrics of the performance management dashboard. A more traditional and accepted means is to use business intelligence software to analyze data, create reports and present the performance management dashboard to the appropriate workers. Business intelligence software can make the process of creating and displaying a performance management dashboard an easy or a very challenging proposition, depending on the software chosen.