Website Traffic: This KPI tracks the number of people who visit certain pages of a company's website. Management can use this KPI to better understand whether online traffic is being pushed down potential sales channels or if customers are not being funneled appropriately.
Social Media Traffic: This KPI similarly tracks the views, follows, likes, retweets, shares, or other measurable interactions between customers and the company's social media profiles.
KPIs support your strategy and help your teams focus on what's important.
31.What are the Key Features of Project Financial Planning? How to Calculate Net Present Value (NPV)?
What is project financial planning?
Project financial planning is the process of determining project costs and developing a budget. Good financial planning has many benefits, including estimating profit, reducing financial risk, and planning for unexpected costs.
A financial plan documents an individual’s long-term financial goals and creates a strategy for achieving them.
The plan should be comprehensive but also highly individualized, to reflect the individual’s personal and family situations, risk tolerance, and future expectations.
Financial planning includes five key steps: goal setting, budgeting, mitigating risk, building wealth and understanding how taxes affect retirement planning.
Setting goals. ...
Calculating your budget. ...
Mitigating risk. ...
Building wealth. ...
Retirement and taxes.
Components of a Good Financial Plan
Financial goals. ...
Net worth statement. ...
Budget and cash flow planning. ...
Debt management plan. ...
Retirement plan. ...
Emergency funds. ...
Insurance coverage. ...
Estate plan.
Budgeting and taxes.
Managing liquidity, or ready access to cash.
Financing large purchases.
Managing your risk.
Investing your money.
Planning for retirement and the transfer of your wealth.
Communication and record keeping.
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