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KPIs for Financial Areas? (Performance Metrics)

Six Sigma – iSixSigma Forums Old Forums Finance KPIs for Financial Areas? (Performance Metrics)

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  • #24854

    Armando Díaz
    Participant

    Hello everyone:
    I´m doing a performance scorecard (KPI) for financial and accounting area ,because we would like to start six sigma projects based on it
    do you know some metrics? (defects, cicle time, errors, etc)
    Also if you know some good 6 sigma  project to do

    thank you
    ADC

    0
    #59632

    Jeff Book
    Participant

    ADC – do yourself a big favor and schedule one-on-one meetings
    with leadership team members. They are in the best position to tell
    you what they need to achieve in the business. Their business
    objectives form the basis for real KPI’s. For example, if “getting
    financial products developed quicker and brought to market” is what
    keeps them up at night, then develop a business level KPI around
    Time to Market. (KPI may be % improvement in TTM). The KPI
    performance will drive the natural selection of projects – don’t be
    another of those SS folks that go “hunting” for projects – build your
    project deck from the business KPI’s.

    0
    #59636

    Pai
    Participant

    Hi,
    Some measure we have used are:
    IT spend per user
    % spend for KLO (Keep the lights on) vs. Discretionary projects
    Cumulative NPV for projects initiated during the quarter, etc.
    thanks,
    Rajesh

    0
Viewing 3 posts - 1 through 3 (of 3 total)

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