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Target Forecasting

Setting targets for the Metrics is crucial for guiding, measuring performance, tracking progress, and evaluating the effectiveness of a business. It helps establish goals, measure actual results against targets, assess progress, and evaluate the effectiveness of activities. These forms the foundation for effectively managing and improving business operations.

How to set Targets?​

To set targets for the Metrics indicators on Simplamo, follow these operational steps:

Step 1: Select indicator setting Targets​

Choose the indicator for which you want to set expectations. If you want to set expectations for an indicator at the Company Level, select either the Leadership Team or BOD depending on the department name your organization uses.

Step 2: Set Target​

Once you navigate to the Metrics page and select the indicator for which you want to set expectations, follow these steps:

  • Click on the indicator for which you want to set targets.
  • At the top right corner of the screen, click on "Target"

  • On the target setup page, click on "Add a Condition."

  • Set the required fields one by one by answering the following questions:

    • In which year should this target be measured?
    • What is the specific timeframe this target applies to?
    • How does this target compare to the target in terms of measurement rules?
    • What is the expectation for this target?

  • After successfully setting the target for the indicator, click the "Save" button.

This is how you set targets on a weekly basis for your organization. However, you can also set targets for indicators on a monthly, quarterly, or annual basis using a similar approach.

Updating indicator Targets: Has the previous value changed?​

When setting Targets for any indicators, the new Targets only apply to the designated timeframe (week, month, quarter, year) and do not affect the values entered for the previous timeframe. After the target timeframe ends, the indicator will revert to its initially set target value.

Data Aggregation​

Data Aggregation pactful for measuring the progress and performance of a business over time. It helps identify improvements or setbacks compared to the previous period, determine development trends, and evaluate the effectiveness of implemented measures. Additionally, year-over-year comparisons facilitate transparent and accurate communication of progress and timelines to stakeholders.

  • How to set Data Aggregation on the Metrics
  • Step 1: Pay attention to the "Setting" icon at the top left corner of the Metrics.
  • Step 2: Clicking on the icon will display the interface for setting Data Aggregation. Here, you can choose the period you want to compare (monthly, quarterly, yearly).

By following these steps, you have completed the process of setting expectations and year-over-year comparisons for Metrics indicators on Simplamo. Monitor the actual data on the Metrics regularly during your weekly meetings to ensure the organization's execution remains on track.