What is Metric Studio?
A metric, as Metric Studio uses the term, is a key performance indicator (KPI) related to time. In other words you use Metric Studio to monitor KPIs between one period and the next. A scorecard shows graphically whether the metric has improved, got worse or stayed the same. Metrics have both status (whether the metric is within scope) and trend (performance relative to last period).
What ‘improved’ and ‘got worse’ actually mean is defined when the metric is set up. In other words, a bigger number might mean performance has improved or slipped, depending on what it is measuring.
Metrics are grouped into types ; all metrics of the same type have the same behaviour, so this saves time when defining the metric. For example, all revenue measures might have the same type.
With Metric Studio, performance can be displayed either as a list report or a line chart. Often a chart makes it easier to spot trends.
Actions can be set up to improve performance of a metric. Projects track long-term business activities associated with a scorecard.
Sometimes it is useful to attach a Cognos 8 report to a metric, to give you more detail about the metric data and this feature is available.
Impact diagrams show the relationship between different metrics.
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