SETTING UP THE KPI (key performance indicators) SYSTEM
Setting up the KPI (key performance indicators) system for an agri-food company
- Deadline : 6 months
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KEY OBJECTIVE:
Ensure clear assessment and evaluation of the company success in general and of each its department/employee when achieving goals and objectives
PROJECT TASKS:
- Analyzing the company’s needs and objectives to determine key performance indicators to be used when measuring its success
- Identifying and drafting the KPI tree
- Developing assessment metrics for each KPI to define value and track the dynamics objectively
- Introducing the KPI system for employees (development and approval of bonus cards, determining the procedure and frequency to monitor the KPI achievement)
- Drafting and approving documents to regulate processes of KPI setting and monitoring
PROJECT OUTCOMES
- Increasing personnel motivation by raising their awareness of tasks and expected results
- Establishing a clear interrelation between company results and bonuses to personnel
- Improving data monitoring and analysis to make informed and viable decisions
- Identifying weak points and opportunities for business process improvement and the company’s strategic development