Choose right product kpi's
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Transcript of Choose right product kpi's
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Choose Right Product KPIs
Source: http://www.romanpichler.com/blog/10-tips-how-to-choose-the-right-product-key-performance-indicators-kpis/
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About Me
Raffaello Torraco
Lean Agile Coach
Licensed NLP Coach
@raffaellotorraco
www.agile-nlp.com
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State the Business Goals of your ProductTo choose the right key performance indicators or KPIs, you must be clear
on the business goals your product serves.
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Collect only KPIs to help you to take decisionsAvoid Vanity Metrics. Don’t Measure everything that can be Measured.
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Use Quantitative and Qualitative KPIsCombining the two types gives you a balanced outlook on how your
product is doing.
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Employ Lagging and Leading IndicatorsLagging indicators tell you about the outcome of past actions.
Leading indicators help you understand how likely your product will meet a goal in the future.
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Look beyond Financial and Customer IndicatorsProfit goals and that customer engagement are the success of today.
Motivation and Leadership are the success of tomorrow.
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Leverage TrendsTrends allow you to better understand what’s happening and to take the
right actions.
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Measure and Analyze your KPIs iterativelyA data-driven improvement cycle improve, optimize and stabilize the
business processes and designs.
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-anonymous
“If you don’t measure, you cannot improve”