Business Analytics Starter · free course

Free course · Lesson 1 of 5

KPIs, Dashboards & Reporting Basics

In this lesson you will

  • Distinguish KPIs from other metrics
  • Pair results with leading indicators

Business analytics is about using data to make better decisions, not just collecting numbers. A Key Performance Indicator (KPI) is a specific, measurable figure that tells you whether things are going well.

  • Good KPIs are specific: "Number of new clients this month" is a KPI; "how the business is doing" is not.
  • Leading vs lagging indicators: Leading indicators predict future results (e.g. number of sales calls made); lagging indicators report what already happened (e.g. last month's revenue).
  • A dashboard brings several KPIs together on one screen so decision-makers can see the full picture at a glance.
  • Choose KPIs that connect directly to a real decision someone will make — tracking a number nobody acts on wastes effort.

Practical Skill: For a real or fictional small business or NGO program, define 3 KPIs that would genuinely help its manager make decisions, explaining why each one matters.

TemplateKPI Definition Worksheet
Worksheet
=== KPI DEFINITION WORKSHEET === Business/Program: [e.g. "Community Health Outreach Program"] KPI 1: ________________________________________________  Why it matters: ______________________________________  How often measured: [ ] Daily [ ] Weekly [ ] Monthly KPI 2: ________________________________________________  Why it matters: ______________________________________  How often measured: [ ] Daily [ ] Weekly [ ] Monthly KPI 3: ________________________________________________  Why it matters: ______________________________________  How often measured: [ ] Daily [ ] Weekly [ ] Monthly Example (Health Outreach):  KPI: "Number of households visited per week"  Why: Shows whether outreach targets are being met in time  Frequency: Weekly

Practice exercise

For a shop or programme you know, list ten numbers it could track and choose the five that best show progress on its main goal.

Key takeaways

  • A KPI shows progress on a key goal and prompts action
  • Balance lagging results with leading drivers
  • Avoid vanity metrics
In the full program Module 1: KPIs and Performance Measurement See how this topic is taught in depth, with practical activities and an assessment.

Free self-study lesson — no certificate. For the full instructor-led program, see registration options.