{"id":243,"date":"2021-10-27T06:58:02","date_gmt":"2021-10-27T06:58:02","guid":{"rendered":"http:\/\/34.100.192.8\/?p=243"},"modified":"2024-08-22T05:47:17","modified_gmt":"2024-08-22T05:47:17","slug":"what-is-a-kpi-report-and-how-to-create-one","status":"publish","type":"post","link":"https:\/\/pyjamahr.com\/blog\/what-is-a-kpi-report-and-how-to-create-one\/","title":{"rendered":"KPI report: A comprehensive guide to understanding KPI reports"},"content":{"rendered":"\t\t
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KPI stands for Key Performance Indicator. A KPI report is a visual representation that facilitates reviewing and analyzing key performance indicators. The KPI Analysis Report is used by organizations as a performance tool to\u00a0help in quickly and easily assessing the organization\u2019s performance against the company\u2019s predetermined goals.<\/p>\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\u201cIf you can\u2019t measure it, you can\u2019t improve it.\u201d<\/h3>\n

– Peter Drucker<\/em><\/h6>\n

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KPIs measure performance<\/a> and are critical indicators of intended organizational goals. KPI reporting means a report that contains a mixture of charts, graphs, and tabular information that depicts and assesses the performance and enables improvement for better business results.<\/p>\n

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Types of KPI report<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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There are different types of KPI reports based on the business departments<\/a> and their purposes. Key Performance Indicators (KPIs) analyze how the organization is performing against specific strategic goals. KPI tools are used for measuring and monitoring progress toward achieving these goals. There are three types of KPI reports, <\/strong>namely\u00a0Analytical<\/strong>, Strategic<\/strong>, and Operational Reports<\/strong>.<\/p>\n

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KPI compares current organizational performance with overall business goals<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Analytical reports<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Analytical Reports are used in every business area and are designed to answer questions arising from fluctuations<\/em> such as increases or decreases in the KPI data. There are two forms <\/b>of these reports a\u00a0static<\/strong> version of an analytical report depicts historical values, while interactive<\/strong> reports allow users to investigate the data. This investigation of information is done by breaking down individual metrics dynamically.<\/p>\n

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Strategic reports<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Strategic Reports provide a holistic picture of an organization<\/em>\u2019s business model, strategy, development, performance, risks, and prospects, including relevant financial and non-financial information. They give a meaningful picture of a company\u2019s performance against the set\u00a0goals and objectives<\/a>.<\/p>\n

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Operational reports<\/h3>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Operational Reports describe the\u00a0day-to-day activitie<\/em>s<\/span>\u00a0<\/em>taking place in an organization. They are short-term and are based on hourly, weekly, and monthly basis. It helps in decision-making by providing information to those involved in the activities. It consists of current knowledge and current planning. It thus helps in producing detailed reports of day-to-day organizational operations.<\/p>\n

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KPI report vs. KPI dashboard<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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The key difference between a KPI report and a KPI dashboard is that a KPI report provides a clear and accurate<\/strong> picture of the performance level of an organization<\/strong>. They display data over time for analyzing trends. It is also helpful in critically analyzing business performance, which can serve as a medium for potential business growth.<\/p>\n

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On the other hand, a KPI dashboard is a tool that offers high-quality visuals of performance levels<\/strong>. Its primary function is to give an at-a-glance summary of the performance to see how it progresses towards its goal. It benefits users by providing a fast and easy solution to track KPI and other business metrics. It also offers a customizable data visualization with performance and status indicators.\u00a0<\/p>\n

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A good KPI report provides a detailed view of the performance levels<\/figcaption>\n\t\t\t\t\t\t\t\t\t\t<\/figure>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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How to prepare a KPI report<\/h2>\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Successful companies split the overall organization\u2019s goals into various KRAs (Key Result Areas)<\/a>. KPIs are then created and mapped against the KRAs. <\/a><\/p>\n

KPI reports are designed according to the organization’s needs and are customizable. A KPI report must have these elements:<\/strong><\/p>\n

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