Competency
Evaluate business intelligence (BI) frameworks.
Student Success Crit
Competency
Evaluate business intelligence (BI) frameworks.
Student Success Criteria
View the grading rubric for this deliverable by selecting the “This item is graded with a rubric” link, which is located in the Details & Information pane.
Scenario
You are currently a Business Analyst for a large organization. You have been asked to interview leaders within your organization to determine which metrics and KPIs should be implemented for the new Business Intelligence (BI) tool your department is creating to track performance. Via email (shown below), your manager has asked you to create metrics and KPIs for a number of other departments within the organization and email that document to them by the end of business today.
Instructions
First, craft your diagram for the four departments. Next, create an email response in Microsoft Word, copy and paste your diagram into it, and provide the answers to the remaining questions. Your email response should include the following:
Describe the BI methodology and concepts that were used in the creation of the metrics and KPIs.
Discuss how this data could be used in building BI and analytical frameworks for future initiatives.
Analyze how the decision to use the new BI tool and performance metrics will optimize business performance.
Provide attribution for credible sources needed in completing your response email.
Grader Comments: This will need to be edited for a passing grade:
Your memorandum touches on various BI methodologies and concepts, but it could benefit from more detailed and concrete examples to illustrate the practical application of these concepts within the context of Company XXX. Additionally, providing specific connections between the BI methodology and the creation of metrics and KPIs would enhance the understanding of your approach. Please review the rubric and additional feedback provided for each criterion for areas of improvement.
You briefly discussed the importance of adopting a matrix organizational structure to promote interdepartmental coordination. However, you didn’t elaborate on how this relates to the BI methodology or the creation of metrics and KPIs.
While you provided a list of KPIs, you did not explicitly connect these KPIs to the BI methodology or explain how they were derived or calculated. It would be beneficial to provide insights into the data sources, analysis methods, or BI tools used to create these KPIs.
You discussed how the KPI data could be used in benchmarking with other organizations, conducting SWOT analyses, industry analyses (Porter’s Five), and PESTLE analyses. These are all valuable future initiatives and frameworks to consider.
However, it would be helpful to provide specific examples or scenarios where these analyses and frameworks would be applied and the benefits they would bring to Company XXX.