How will you measure success in 2015?

Posted by Megan Miller on November 4, 2014

How-To-Measure-Success

Business-Meeting

‘Tis the season for budgeting, planning and forecasting. As you huddle around conference tables setting goals, establishing plans and directing your future for 2015, have you outlined how you will monitor your progress?

What are the key performance indicators (KPIs) that are vital to monitoring your success throughout the year? Selecting the right KPIs gives you visibility into the bright spots and areas of risk at any given time. With KPIs that are measurable and meaningful, staff can rally behind goals and have a clear understanding of what success looks like.

But, what are the right KPIs for your firm? Check back next week for a post on what are KPIs and why do you need them. Once you determine the right KPIs for your firm, set up your business intelligence tool so you can monitor progress, identify potential problems and take a corrective course of action when it’s needed most, not when the reports are ready.

VPM-dashboardDeltek Vision Performance Management (VPM) delivers organizational performance data in easy-to-read, interactive and visually-oriented dashboards that drive more business. VPM is the only powerful business intelligence solution built specifically for project-focused organizations. You can proactively improve performance and mitigate risks across the entire organization before it’s too late.

Over the next few weeks, we’ll highlight five key benefits of VPM for your organization including:

Establish your goals, determine the KPIs that are best for your organization and get VPM in place so you can measure and monitor to make 2015 your best year yet.