NEW SMARTKPIS.COM REPORT RANKS THE TOP CONTRACT MANAGEMENT KPIS OF 2011-2012
May 16, 2013, Melbourne, Australia – The KPI Institute, the global authority on Key Performance Indicators (KPIs) research and education announces the launch of a new report in its 2011-2012 edition of its popular Top 25 series of reports. The series is based on research conducted through www.smartKPIs.com, which contains over 20,000 Key Performance Indicator examples, making it the world’s largest source of thoroughly documented KPIs.
Contract management is the process of contract creation, execution and administration. Moreover, it has the role to analyze the potential risks and the benefit maximization. It comprises establishing terms and conditions, ensuring compliance with terms, as well as documenting and agreeing on any changes that may raise during contract’s implementation or execution, so that the relationship between the parties involved is constructive and beneficial.
The Top 25 Contract Management KPIs of 2011-2012 report compiles the most popular 25 KPIs used by the Contract Management function. Out of more than 50 Contract Management KPIs available on smartKPIs.com, the 25 most viewed by the members and visitors of smartKPIs.com were selected for a detailed analysis. The report provides a list of the 25 KPIs, as well as a clear description of them, as a result of a careful documentation.
Contract Management KPIs are grouped into subcategories such as Contract Value, Contract Incidents, Contract Monitoring, Contract Renewal, Contract Accuracy and Contract Tendering. In 2011, the most popular subcategories among our viewers were Contract Value, Contract Monitoring and Contract Incidents. The top 5 Contract Management KPIs of 2011-2012 in this report are:
- $ Annualized contract value
- $ Terminated contract remaining value
- % Order value variance from original contract value
- $ Vendor fraud
- % Contract compliance
The importance of this reports relies on the international perspective that it brings on the most popular KPIS for Contract Management. Contract Management KPIs provide quantifiable measurements of factors determined to be important for Contract Management strategy successful implementation. The Top 25 Contract Management KPIs of 2011-2012 report is a valuable resource in the promotion of the informed use of KPIs or in the refreshing of the existing performance measurement and management practice in any organization.
According to Aurel Brudan, The KPI Institute’s CEO “The Top 25 Contract Management KPIs of 2011-2012 report is a synthesis of what smartKPIs.com is all about: it provides an overview of how Contract Management KPIs are used in practice today, by combining input from the online community with analysis and insights from our research team.”
http://www.smartkpis.com is the leading online platform for performance management knowledge integration, hosting the largest database of thoroughly documented KPI examples available on the web today. It offers high quality resources and collaboration functionality for the community of members, assisting them in making smart decisions regarding their performance management initiatives. Registration is free and enables research, learning and interaction as part of a growing community of members from over 190 countries and territories.
ABOUT THE KPI INSTITUTE
The KPI Institute is a research, publishing and educational provider specialized in developing better practice in the use of KPIs. It developed the KPI Management Framework and runs five main research programs, dedicated to performance management, the Balanced Scorecard, KPIs, analytics and organizational strategy. Over the last 8 years, The Institute assisted over 5,000 organizations in finding solutions to their KPI needs.
Cipriana Turcanu, The KPI Institute, Tel: +61 3 9670 2979, Email: [email protected]