Mark Twain wrote in his autobiography; “There are three kinds of lies: lies, damned lies, and statistics.” He gives credit to Benjamin Disraeli for the insight, so I’ll credit...
Not all goals are easy to measure. In a world where customer satisfaction, employee engagement and customer loyalty are becoming increasingly important measures of business success how do you...
I fundamentally disagree that we should be striving to hit our targets each month (or whatever frequency we measure at). Natural variability guarantees it’s purely a fluke if we...
Following on our recent theme of the importance of applying statistical methodologies to your Performance Measurement, here’s an article by PuMP founder Stacey Barr from back in 2012 that...
When I was writing my last blog post and thinking about Natural Variation, I remembered this article written by PuMP founder Stacey Barr. It focuses on the risks of...
I can hear the groans already. I have rarely met anyone who is a fan of creating documentation, so this advice is not an easy sell! But I promise...
When a company is engaged in Performance Measurement, it’s important to look out for the common pitfalls and even try to fix issues before they become real problems. One...
In Performance Measurement there is always debate around whether your KPIs need to have both quantitative and qualitative measures. Perhaps the first question I should answer is – what’s...
The problem with measuring performance, is that it’s not always easy to quantify how well you are performing for certain business measures. So how do you measure the unmeasurable?...
When you are getting started with Performance Measurement it’s tempting to seek out a readymade set of KPI to use. I’ve written before about the dangers of choosing your...