Create your xMatrix with KPI Fire
Step by step instructions for creating an X-Type Matrix in KPI Fire
KPI Fire is Hoshin Kanri software. KPI Fire simplifies the process of creating X-Matrics by helping you recognize the difference between Strategies, Metrics, and Projects. With KPI Fire Identifying strategic themes is easy. Managing the relationships between Strategies and Projects is clear. Tracking result metrics and process metrics is simplified. KPI Fire lets you track objectives in real time and show the proof they are having an impact on your KPIs. KPI Fire makes strategy execution simple and gives your entire team the power to reach their goals.
KPI Fire applies the same principles of the X Matrix but in a more visual and collaborative tool. Visualize your strategy. With KPI Fire you can establish goals and projects throughout your company in minutes. Everyone in the organization will understand the strategic plan in minutes and can get the right context for goals and targets. Teams can share projects, update metrics, and show progress toward their goals. Everyone from the CEO on down can see real time updates from their PC or iPhone. Its simple. It’s easy. It’s KPI Fire… and it’s a whole lot better than a spreadsheet.
Above is an example X Matrix. The X Matrix places long term goals on the first set of rows. These are linked to annual goals on the first set of columns. At this point goals can be linked to metrics or continue to drill down to lower level goals. Finally goals are linked to projects and tasks. This is the work that must be accomplished to reach the goals.
The X Matrix links goals, metrics, and projects using the intersection of rows and columns of the items that are connected. This can be confusing and complex as you add goals for various departments thus adding layers to the X Matrix . An X Matrix for a large organization can have dozens of tabs and take hours to keep updated.
KPI Fire takes the same principles of alignment in the X Matrix and simplifies the visual linkages. You can quickly see how each department or individual’s goals are aligned to higher level company goals with the click of a button.
Visualize the Linkage Between Goals, Metrics and Projects
With KPI Fire you can clearly see the metric that will be improved by the project you are working on as well as which goals and initiatives your project supports. KPI Fire takes the complexity out of the X Matrix and helps your company stay aligned to your strategy.