Tracking progress and performance is based on the concept that a continuous monitor-measure-
review-decide-act cycle is integral to day to day operations.
A systematic process compares quantitative measurements of success against actual outcomes and presents the results on a daily basis.
The objectives are to provide the organization real-time information about how well the business is performing to goals and KPIs and to highlight unfavorable trends that can be addressed before they have a major impact on overall business performance.
The critical factor of success is an organization that is competent and capable of generating immutable, actionable data, accurately interpreting the results to make informed decisions and implementing effective solutions.
Read why you should track your progress toward your goals.