asked 8 years ago
so, once time i have planned budget (budget estimation) let’s say $3000 in a month. and then i allocate it for service cost $1000, for supply cost $1300, and for other cost $700. but during this month i have to close several critical problem and need additional cost about $1500.
Ideally, you need to have a strategy before start thinking about KPIs. How to create a good strategy? It's tricky and will require your expertise:
Even the best KPIs won't change anything if they are not properly aligned with a business context, if a company's strategy is not well defined, if there is no clear understanding about what the company is measuring and way... Check out a "crash-course" for the Balanced Scorecard and KPIs.
Hi Eka,You can for sure compare the planned budget vs. actual expenses, but this will hardly indicate anything. I think the best starting point would be to formulate an answer that you want to be answered. In your case you might ask “Was the budget planning accurate?” or “Were the expenses appropriate?” and according to what you write you already have the answers to these questions.My recommendation would be to define business context and challenge first and only then go searching for KPIs.