Key Performance Index

The Key Performance Index (KPI) is used to show key figures for the employees and company alike. The KPI report clearly illustrates the results with graphs.

In many consultancies the KPI report is used for key figures for the employees and departments alike.

KPI used by consultancies could be Invoicing%, External%, churn rate and value added.

Key Performance Index (KPI) in TimeLog Project

The key performance index is located in TimeLog projects main menu -> reports. The report is activated in the system administration (F10) under -> Budget and KPI setup.

To get the most out of the KPI report we recommend that KPIs are set out for both employees and the company.

KPI key figures can be shown on TimeLog Project’s front page. For example, you can display the external% of an employee’s normal work time (per month), and the employee will then have an overview of the time they are used respectively on external and internal projects every time they open TimeLog Project.

Formula:

The KPI report is based on the following definitions and concepts:

Value added= the registered (Reg. EUR) and invoiced value, (Inv.(EUR))

Average Hourly Rate = Reg.(EUR) /Reg. (h.)

External% = External (h.) / (Normal work time (h.) – vacation (h.))

Reg. (h) of normal work time= The share of an employee’s normal work time that has been registered.

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