Agile Pain Point Solutions (APPS) Series
Better KPIs: Metrics for Meaningful
Applying the Fit-for-Purpose Framework to Drive Congruent Action at All Levels
Learn how to define better OKRs: Build better Balanced Scorecards: Drive desirable change
Organizations often measure the wrong things. Often convenience of collection or a misunderstanding of what really drives organizational performance, lead organizations to measure the wrong things, take the wrong actions, optimize meaninglessly, and leave lots of potential on the table.
The Fit-for-Purpose Framework and its simple four category classification of fitness criteria, health indicators, improvement drivers and vanity metrics, cut right through this historic mess and align your organizational behavior to your desired outcomes. Learn what really drives customer selection and satisfaction and how to align your organizational behavior around those goals. Enable autonomous action, learn to move with agility, and create empowerment without loss of control, by defining the right organizational metrics at every level.
Do you use Balanced Scorecard or Objectives & Key Results (OKRs)? Do you want to get better at with these techniques? This class will teach you how! Augment what you do now with the Fit-for-Purpose Framework and unlock the hidden performance in your business.
- Understand that all products or services have design, implementation and service delivery elements
- Learn how to identify and describe the design, implementation and service delivery elements
- Understand how to recognize and define or describe a customer purpose
- Understand the 4 types of metrics: Fitness Criteria (used to select your product or service in the market); general health indicators; improvement drivers and vanity metrics
- Understand that only fitness criteria are key performance indicators (KPIs)
- Learn how to correctly classify metrics
- Understand how to set objectives for each type of metric: fitness criteria have thresholds of acceptable performance and over serving; general health indicators have a range; improvement drivers have a target; while vanity metrics have an emotional need that may need addressed culturally and organizationally.
- Understand the 4 commonly recurring types of fitness criteria: Lead Time; Quality; Safety & Conformance; and Affordability.
- Recognize the 3 aspects of lead time (or time-to-market) as timeliness, predictability and duration, and learn how to describe them and when and how to recognize which is applicable.
- Learn how to describe and specify requirements in a measurable fashion
- Understand how Fit-for-Purpose metrics integrate with Balanced Scorecard, and OKRs
Who Should Attend?
This class is for executives and decision makers who set strategy and corporate objectives or those who carry responsibility for revenue, customer satisfaction, or other strategic business objectives It is appropriate for anyone performing the following functions: strategic planning; strategic marketing; human resources; product management; product design; service design; operations management; and portfolio management.
This class is useful for anyone who wants to understand how to set metrics in order to drive appropriate, congruent, aligned behavior in an organization and for those who wish to drive product and service improvement.
There are no specific prerequisites for this class. It is recommended that attendees have a business background or a role in marketing, strategic planning or portfolio management. A business degree or formal qualification in business is not necessary but attendees with such a background may find the contrasts with familiar material to be either interesting or challenging. Prior knowledge or experience with Balanced Scorecard, or OKRs (Objectives and Key Results) may also enhance the learning experience but is certainly not required.
- Understanding Customer Purpose and describing it
- Understanding Design, Implementation and Service Delivery elements in a product or service and developing the skill to describe and categorize them accurately
10:45 Breakfast Break
- 4 Types of metrics: Fitness Criteria/KPIs; general health indicators; improvement drivers; vanity metrics
- Learn how to correctly classify them and set thresholds, ranges, targets or cultural and organizational goals to eliminate the need for unnecessary metrics.
14:00 Lunch Break
- 4 Commonly recurring fitness criteria: Lead time; Quality; Safety & Conformance; Affordability/Price
- Bette Balanced Scorecard and/or OKRs using the lessons learned
- Discussion: Insights from today’s lessons. How will Fit for Purpose affect how you run your business? What will you change? How might you integrate the ideas with things you already do? What are the actionable, pragmatic ideas you are taking away and intend to implement?
Kanban University® Certification:
Students will receive a certificate of completion recognizing participation in the class.
Cancellation Policy – Please Note:
With the goal of always delivering the most current and relevant content to students, please note that the class agenda, contents and schedule, are subject to change.
Substitutions are accepted at any time. Cancellations must be notified by email and refunds will be provided according to the following: More than 10 days prior = 80% of course fee
5 to 10 days prior = 50% of course fee
Less than 5 days = no refund provided
The David J Anderson School of Management reserves the right to postpone or cancel this event if there are insufficient registrations or if presenters are unable to attend due to illness. If necessary, you will be notified no later than 7 days prior to the event and all registration payments will be refunded promptly. If circumstances require, presenters may be substituted for alternative qualified presenters with equivalent experience. Please be advised that events can be subject to changes in date and/or venue due to acts out of our control such as bad weather, civil unrest, etc. It is recommended that you purchase changeable and refundable tickets. The David J Anderson School of Management will not be responsible for incurred costs in the event that we need to make changes due to circumstances beyond our control. For more information, please contact us at: firstname.lastname@example.org