Starting today, you’ll see some exciting new improvements based on the suggestions of strategy leaders and clients to help you drive better performance management. We think they’ll make your OnStrategy experience a whole lot better.
So, what’s changed?
Smarter Progress Updates
Do More with Progress Updates
At first glance, you will immediately notice the Progress Update page has changed. We’ve added new features and given the Progress Update page a single, consistent interface while also make it more customizable than ever.
You used to see one field to report your progress, but we’ve added lots of new features and more customizable goal targets. The end result? You now have six fields so you can set and input targets and actuals.
All goals now have a single interface for updating progress. This allows all goals and action items, whether a KPI or not, to incorporate customizable metrics and targets.
What do I need to do? Now is a good time to review your goals and update your measures and targets. It’s also important to make sure that all of your goals have start and end dates. This will allow your organization to leverage the new Dashboard and Track Performance pages for better performance insight. It might be a bit of work on your end, but we promise you’ll have much clearer and precise performance data if you do.
You may consider reviewing your “achieved” non-KPI goals to change their completion dates. For example, a goal that is set to be completed by June 1st and is marked as completed will show a completion date in May. If you would like to change the completion date, you can do so on the Progress Update page.
Weekly, Monthly, Or Annual Tracking of Goals and Action Items
Now you can determine how often you want to track a metric for any goal or action item. Goals can now be tracked weekly, monthly, or annually.
This new tracking feature gives your plan and dashboard the flexibility it needs to reflect how frequently your organization tracks different metrics. For example, you can now track the number of new customers you receive on a weekly basis rather than the default monthly basis. Unless you specify how frequently you’d like new goals and action items to be tracked in the expanded view during creation, each will be tracked monthly.
How do I change Tracking Frequency? During new goal creation, simply select the period you would like a goal to be tracked. If you would like to change current goals or action item’s tracking frequency, you can do so by selecting the goal in the Track Performance page and editing it in the expanded view. If you don’t want to edit the frequency current goals are tracked, then you don’t need to take any action.
Increasing or Decreasing Target Measurement
You can now specify goals and action items to be measured by an increasing or decreasing target. This setting customizes your plan and dashboard to show your progress reaching an increasing target number (an increase target number of sales, for example) or a decreasing target number (decrease the number of lost customers, for example). These new measurements allow the OnStrategy platform and Visual Performance Dashboard to better display and reflect your organizations metrics.
How do I set this measurement? The default setting will track new goals and action items as an increasing target. This setting can be changed during goal creation. To change the setting for old goals or action items, select them via the Progress Update page and edit them via the dropdown menu.
Improved Reports to Keep You Focused
Now there’s greater flexibility in performance reports. You can view and download your plan’s performance reports by Fiscal Year, Year-to-Date, or even the lifetime of your plan. With greater flexibility comes improved efficiency. No longer is it necessary to sift through data to learn from past performance periods. It’s all at your fingertips.
How do I do this? Pulling reports is easy. Simply visit the Reports page and use the toggle to select which FY you would like to download. The default setting will pull your current year’s performance report.
Why am I missing performance data in my reports? If you notice that your reports are missing a data set, make sure that the missing goal has a start and end date.
A More Intuitive Dashboard and Scorecard
We’ve given our Visual Performance Dashboard and KPI Scorecard some enhancements which make them both more dynamic and useful to your organization.
A More Intelligent KPI-Scorecard
Plain and simple, we’ve made the KPI-Scorecard smarter. Raw performance data is great, but the Scorecard now dynamically synthesizes and displays your data so you can quickly see how you’re doing and adjust your organization’s focus and trajectory.
The new Scorecard displays:
EOY Target = Goal for the end of the year
YTD Actual = Your year-to-date performance actuals.
YTD Target = Where you should be today based on the periodic targets you set during goal creation.
YTD Variance = The variance between where you are and where you should be.
Seeing where you should be and the variance between your progress and target allows you to truly see how you are performing against your KPIs at any given time. The scorecard is populated only by the goals you’ve select as KPI’s. To indicate a goal as a KPI, use the toggle during goal creation or through the Progress Update page.
Wait, my KPI scorecard is showing blanks in some of the fields? You need to go back and fill in all of the target measures and actuals of your goals. Once you’ve done that, the KPI Scorecard will populate with all of this data.
The Dashboard’s New Percent Complete Chart
We’ve created a unique chart for goals that are a percent complete measure. Now you see where you’re at, if you’re on target, and where you should be. This new dashboard functionality provides more insightful information about the status of your percent complete goal and we think it’s pretty good-looking, too.
Why isn’t this graph showing the target? For the On/Off Target portion of the Percent Complete view to work within the Dashboard, you need input your targets into the goal through the Goal Update page.These goals also need to be marked as “Current” to be displayed correctly.
Quickly View if You’re Ahead or Behind
Now, you can quickly see if a goal is currently on/off target as well as its previous performance. The new visual distinction gives your organization the ability to quickly see if the goal is on or off target at any given point.
Why isn’t the dashboard displaying if I’m On/Off Target? For the On/Off Target view to work within the Dashboard, you need input your targets into the goal through the Goal Update page.This function of graphing will not work without these targets.
Bigger, More Engaging Supporting Items
Supporting items are now more prominent and engaging in the Visual Performance Dashboard. You can now quickly toggle through and quickly view the status of action items that support the selected goals performance. With supporting items more prevalent in the dashboard display, your organization can see what is helping or hindering the progress of your goals.
Filter the Dashboard by Fiscal Year
Sometimes your organization needs to look at performance data within a specific Fiscal Year. With the new downloadable FY-Specific Performance Reports, you can view a Performance Dashboard reflecting data from a performance period specified by you. Now it’s easier than ever before to make strategic decisions and manage performance using specific data sets.
How do I use this? The Dashboard will automatically display current fiscal year. To select the date range you’d like to see, simply use the toggle selector in the dashboard menu.