![]() ![]() To help determine your KPIs, ask yourself questions like: For instance, if you're tracking customer acquisitions, maybe leave out the office supply inventory numbers (unless that's your secret weapon). So, before you start getting your hands dirty in Excel, think about who will be looking at this thing and what they need to know. Step 1: Identify your KPIs and prepare your dataįirst, select KPIs: A KPI dashboard isn't just a bunch of pretty charts-it's about getting the right info to the right people. I'm about to walk through the whole process in three surprisingly simple steps. If building a KPI dashboard in Excel sounds like something that'll make you weep quietly into your coffee, prepare to be very surprised. Spot trends to better forecast future performanceĬreate a comprehensive KPI dashboard in Excel in 3 easy steps Recognize patterns that might otherwise go unnoticedĭetermine how close you are to meeting your goals and whether they need to be revisedīenchmark performance against industry standards or competitor data to gauge progress and address weaknesses With a good dashboard, you'll be able to: This perspective allows you to see the big picture, highlighting the elements that contribute to the overall mission while filtering out the noise. A KPI dashboard presents complex data in an easily digestible format, often using charts, graphs, and tables. KPIs are metrics an organization has identified as critical to measuring its performance.īut why a dashboard? Well, trying to navigate large datasets without visuals is like asking a young person to explicitly describe Fortnite dances using only words. ![]() What is a KPI dashboard-and why build one in Excel?Īn Excel KPI dashboard is a visual representation of your key performance indicators (KPIs), giving you a bird's-eye view of what's working and what's not. ![]()
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