The dashboard tool is used to display critical information about a process for easy visualization and analysis. There are several types of dashboard templates available to use for different purposes.
Project managers use dashboards in project management for monitoring, tracking, and controlling the project process.
However, it is very important to choose the relevant and important information to display on the dashboard. Otherwise, the use of a dashboard tool will bring no value to the process.
KPI Dashboard Template Excel
In today’s corporate working culture, an arising aspect of professional evaluation is KPI Dashboard Template Excel. With the complete acronym as Key performance indicator, there are many Excel dashboard templates based on the working principles of this methodology.
Therefore, the project team conducts extensive research and arranges brainstorming sessions to identify the critical values of the process to display for continuous monitoring.
The critical quantitative measurable values of the processes that are important to monitor and analyze to ensure the success of a process are known as key performance indicators.
Furthermore, it is pretty clear that only the process KPIs will be displayed on the project dashboard for monitoring. However, still, the project dashboard doesn’t remain fixing. It keeps on changing as the process pass from the initiation phase to closure.
It is because project management is a very complex system. It involves more than 49 processes to effectively manage at different stages during the project lifecycle.
Therefore, the importance and requirement of KPIs keep on changing. So, the project KPIs dashboard.
The project team prefers to use set templates of KPI dashboards instead of customizing it each time. The KPI dashboard template Excel spreadsheets are readily available on the internet for all the phases of the project.
These templates have a different set of KPIs on the dashboard to be used in different stages of the project!
All this work is an integral portion of total project management. This tool helps in monetizing the activities or projects in which a company is engaged. and let evaluate the level of success in that particular portion.
Commonly success is defined as goal achievement with all set targets and side references in a particular domain of working. In such regards, dashboard templates are very much helping as you can instantly see various influencing factors on parallel notes, and similarly, you can detain such factors that are hindering your performance or expected results.
Project Management KPI Dashboard Template Excel
The details of the KPI dashboard for project management have been explained in the above section. However, the basic project management KPI dashboard template excel spreadsheet that is used for the effective management of small projects includes KPIs from tasks, project progress, issues management, and cost management.
The tasks section of the project KPIs dashboard includes details about which tasks have been completed, which are in progress, and which are coming next?
However, the issue management section displays the KPIs of open issues and the responsible person on the dashboard. Furthermore, the project cost management template displays the results of earned value analysis for the project.
Moreover, some KPI dashboard template excels spreadsheets are used by projects as well as businesses. The most common KPI dashboards that are used for businesses include sales, HR, finance, inventory control, and risk management.
Features of KPI Dashboard Template Excel
The total objective of an effective KPI Dashboard is to illustrate potential segments of working and to highlight the areas of characteristic focus. There are many different contingent segments to consider during project management.
One highly considerable thing is the project evaluation in which every circumstantial portion is evaluated and the performance of the team, individuals, and their supervising authorities is measured.
This methodology helps in keeping each working entity in line and bound to the rules and parameters of working.
Since KPI is a performance evaluation tool, therefore the dashboard based on this idea contains all sorts of performance factors. Here are some of the highlighted aspects which should be included in a well-formed dashboard;
- It interim’s nonfinancial portion
- Help you measure the frequency of events and their effect on the overall productivity
- Its help you instantly monitor the performance graph of each individual associated with the project
- Helps you estimate the sources required for a task and spent amount for ideal comparison
- It covers more than one aspect of professional working
- Let you quickly find out resisting areas of working
- Helps you in finding key portions of planning and concentration to shoot your growth rapidly
These salient features should be added in any effective dashboard for KPI induction in your project management. By the proper deployment of such advanced tools, you can quickly assume more effective ends of working.
Excel Dashboard With Key Performance Indicator Template
Documentation and assessment are now easy to implement with the help of MS Excel in professional circumstances.
These tools are one fine showcase of the abilities of Excel which lets you work more precisely and quickly. These templates are equipped with features that let you conduct well-oriented tasks and assessments in lesser time.
There are various features of Excel spreadsheet formatting that take a short time in the insertion of relevant data and processes it to conclude you some productive results for planning and execution.
These spreadsheets are fed with instructions for automatic working!
Smart KPI Dashboard Template in Excel Format
Numerous service providers have skilled and professional template designers for any professional requirement.
You can get the best design and customize the tool as per your customized requirements and turn your work quality into the amazing idea of management. Also, Get Quick KPI Templates
Sales KPIs dashboard displays all the critical value of sales for effective monitoring, tracking, and controlling. It includes the sales forecast for the defined time frames.
Also, the percentage of the target that has been achieved. Moreover, the total revenue, profit, and costs of the business.
The HR KPI dashboard can be very specific to the function. It may contain information about the overall strength, gender ratio, average age, and average salary of the employee.
However, the HR KPIs dashboard for recruitment process management is different.
Thus, the KPIs for the recruitment process are total vacancies, candidates applied, selected candidates for screening, candidates pass the test, candidates for interview, and the candidates hired for the positions.