Q: When defining a measurement plan, what is the order of steps?

A) Key actions > KPIs > business objectives
B) Business objectives > key actions > KPIs
C) KPIs > key actions > business objectives
D) Business objectives > KPIs > key actions

Correct Answer is B) Business objectives > key actions > KPIs.

Explanation:

The order of steps in defining a measurement plan typically includes the following:

  1. Define the goals and objectives: Determine what you want to achieve and what business outcomes you are trying to impact.
  2. Identify the key performance indicators (KPIs): Determine the metrics that will best reflect the success of your goals and objectives.
  3. Select the data sources: Determine the data sources that will provide the data needed to calculate the KPIs.
  4. Establish a data collection plan: Determine how the data will be collected, who will collect it, and how often it will be collected.
  5. Define the data analysis plan: Determine how the data will be analyzed, who will analyze it, and what tools will be used.
  6. Establish a reporting plan: Determine how the results will be reported, who will receive the reports, and how often the reports will be generated.
  7. Implement the plan: Put the plan into action and begin collecting, analyzing, and reporting data.
  8. Monitor and evaluate the plan: Continuously monitor the plan and evaluate its effectiveness, making changes as needed to ensure it remains aligned with your goals and objectives.

It’s important to keep in mind that the specific steps and their order may vary depending on the type of measurement plan and the goals and objectives being measured.

0 0 votes
Article Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments