Not everything that can be measured is important. And not everything that is important can be measured.
Sometimes the update you need to share is subjective.
- What is the current status of this project or team?
- How likely is this sponsor likely to renew for another year?
- Out of five, how optimistic are you feeling at the moment?
And, just as with more objective metrics, often the interesting thing about these sort of measures is the trend or comparison to the past, rather than necessarily the current value.
- Are things getting better or worse?
- Is this current status a recent spike or dip or part of a longer sustained trend?
So, of course it makes sense for us to support these in One Metric.
When you add a new metric you can now select “Status” or “Rating” as the data type. Then those metrics let you select a current status (green, amber, red for Status metrics, or stars out of five for Rating metrics) and share these in your reports alongside other metrics. As you would expect, the history, graphing and comparison to previous periods all work exactly the same as with other data types.
For example, here is a hypothetical dashboard using Status and Ratings in combination with some more traditional numerical metrics…
Why not give this a try today? What subjective metrics would you have on your dashboard?
PS as a bonus for experts, you can also use these subjective metric values in formulas in One Metric, or even calculate the value of your subjective metrics using other metrics. For example, under the surface a Rating metric is simply a positive (green), zero (amber) or negative (red) value. So setting up a new calculated metric with a “Rating” data type and referencing other metrics in the formula (such as
$Revenue - $RevenueTarget) will derive and display the correct status value. Hours of fun!