Remove Benchmarking Remove Metrics Remove Tools
article thumbnail

How to Understand Key Metrics in a New Industry

Tom Spencer

All industries use numbers and metrics to describe performance, measure trends, and allocate status. Using the metrics for decision making. The first step to understanding a new set of metrics is to put them into context. By adding a reference point one can better understand the impact and significance of the metrics.

Metrics 89
article thumbnail

Maximizing Impact: How to Measure Training Effectiveness and ROI

Clarity Consultants

Understanding and applying the right training effectiveness metrics is imperative for organizations to assess the impact of their training initiatives and ensure they contribute to the overall business objectives. Surveys and interviews can be practical tools for gathering this information.

ROI 147
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

How B2B Software Vendors Can Help Their Customers Benchmark

Harvard Business

Mainstream software companies are beginning to hold “ data mirrors ” up to their customers, allowing scoring and benchmarking of their customers’ strategies. One of its business units, Fieldglass, provides insights and benchmarks to customers on external workforce management.

article thumbnail

B2B Salespeople Need to Act More Like Travel Agents

Harvard Business

By 2012, our research shows, nearly 60% of a typical B2B purchasing decision — researching solutions, ranking options, benchmarking pricing, and so on — was happening before the buyer even had a conversation with a supplier. A health care software company uses networking events early in the sales process.

B2B 118
article thumbnail

Self-assessment is critical to continuous improvement

Tom Spencer

This becomes a tougher question the further you progress in your career as there are fewer established metrics to base your assessment on. You can start to develop a benchmark by considering the collective reasoning of those attending the same presentation as well as your own initial opinions.

Metrics 89
article thumbnail

Project Management Maturity Models: A Basis for Reaching Your Organization’s Business Success

Epicflow

It’s a tool that helps companies understand and assess the efficiency of their organizational project management (including project, program, and portfolio management) and its ability to implement high-level strategic planning. An organization uses basic metrics to track project performance. Level #2: Structure process and standards.

article thumbnail

Managing Risks and Controlling Projects: How Data-Driven Project Management Come in Useful for Multi-Project Environments

Epicflow

Without project data, risk analysis and management are impossible, because any of the available risk management tools in project management won’t ever bring any positive outcomes without at least basic information about the projects. Let’s briefly consider some risk management tools in project management depending on the project stage.

Data 130