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A business dashboard is a powerful way to combine multiple views
into a single display. So at a glance you can see the important information needed to support your
objectives and to keep control.
The unexpected always happens. Things vary and change both inside
and outside the company so it is important to keep tracking the important measures that your
organisation uses to ensure your continued success.
Business Dashboards can be classified into three types:
Strategic – has
minimal interaction. You can see the summary at a glance. Primarily for senior managers reviewing
the big picture of the organisation e.g. budgets, actuals, and forecasts, often long terms of time
(years, quarters, months). Drilling down into details is not required here.
Here is an Example of a
Strategic Dashboard
Analytical – for
analysis, comparing situations and exploring. This type of dashboard helps make decisions to follow
say the current strategic plan. It should allow you to look for trends and outliers that present
new opportunities or threats to the continued organisation success or the achievement of
objectives. Comparisons, drilling down into details, and tracking changes in shorter terms of time
(months, weeks, days).
Example of Simple Analytical
Dashboard
Operational – are
for monitoring tasks that might need action soon or right now at the minute, hour and daily level
Operational dashboards are for monitoring tasks that might need action soon or right now; your
interest is in intra-day periods (hours, minutes). This similar to Analytical but on far shorter
timescale.
There many software packages around that can transform your Excel
Spreadsheets, Access Databases and other major database data into a dashboard. Click on the link
below to find out about how to readily create a dashboard from Excel.
Click Here
for Tips on Building Top Class Dashboards
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