Taking a Look at the Big Picture
KPIs are also known as dashboards. A dashboard provides insights into business performance in one snapshot. Similar to the dashboard
on a car, which provides the driver with an overview of key aspects of the car’s operation, dashboards provide a high-level understanding of how a business is performing. They are considered “measures of wellness,” in that by simply looking at them, organizations can
assess the health of the operation. Example:
Beyond the numbers, organizations want to know what qualitative factors impact performance. Using statistical techniques such as correlation and cross tabulation can help reveal those factors that most prominently influence good performance.
Ultimately, corporate real estate executives want to provide a service to their companies that allows key executives to use the CRE
portfolio to drive bottom-line performance and shareholder value. Without a high-quality and thorough web-based software system to
gather and then analyze that data, it is very difficult to benchmark internal performance and move to best practices.