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Target Source collection setting for Performance Indicators
Who is this article for?Users who manage Performance Indicator settings.
PI_Admin(+ complex) or higher permissions are required.
Target Source collection setting enables you to specify a method for automatically populating the target field in the data tab of a Performance Indicator (PI) for each period during the year. This article will provide an overview of how to effectively use it.
In this article:
1. Locating the Target Source
Browser
To find the Target Source:
- Find the PI with the Target Source.
- Select the title of the PI.
- Choose 'Edit Settings'.
- Switch to the 'Collection Settings' tab.
If a collection has already been added the 'Target Source' will be visible.
Classic
To find the Target Source:
- Find the PI with the Target Source.
- Switch to the 'Collection Settings' tab.
If a collection has already been added the 'Target Source' will be visible.
Not seeing the Target Source?
You will not be able to see the option if your PI is set to 'Data Only'.
2. Calculating the Target Source
Each time a PI value is entered for a new period, i.e. a new row is created in the 'Data' tab, Ideagen Risk Management will automatically calculate an appropriate target to go alongside this and to ensure that the PI gauge is drawn correctly, using the Red'/Amber thresholds.
This is done in three steps:
- Ideagen Risk Management checks the Primary Target field to determine which Target type is being used.
- Ideagen Risk Management goes to the annual values it has for that Primary Target type (in 'Annual Target') and selects the appropriate value for the current year.
- Having located the appropriate Annual Target value, Ideagen Risk Management checks in the Target Profile field for the calculation method to use.
3. Profile options
| Profile Option | Description |
|---|---|
| Manual Entry | This option applies no profiling of the Annual Target and is best used when there is no obvious way to profile an Annual Target. The target value will be input manually instead. |
| Formula | This will show on the list when you’ve setup your PI to be calculated based on a formula; then if you choose this as your target source the target will be calculated using this same formula. |
| Calculate from Num/Denum targets | This will show on the list for numerator/denominator PIs; then if you choose this the target will be calculated from the numerator target and the denominator target in the same way that the value is calculated from the numerator and the denominator values. |
| Quarters, Months etc... | The list will display the appropriate frequencies, depending on what has been defined in the collection settings. You can use this setting to obtain the target from another frequency, for example years can be set to pull in the target from the quarterly target value. |
| Use latest value |
Ideagen Risk Management will look at the target value it is holding for the most recent period and put this in the target for the current period. Example |
| Distribute annual figure evenly |
Ideagen Risk Management takes the Annual Target value, as indicated by the primary target, and divides by 12 to populate target values for PIs collected on a monthly frequency, by 4 for those on a quarterly frequency and so on. Using this option on either a Yes/No PI will result in the error 'Invalid Value, enter Y/N' being displayed within the Target column on the data tab. |
| Accumulate towards Annual Target |
Ideagen Risk Management first divides the Annual Target, as indicated by the primary target, by the number of time periods in the year (i.e. by 12 for monthly data, 4 for quarterly etc.). It then adds that result to the previous period’s target value throughout the year. Example Using this option on either a Yes/No PI will result in the error "Invalid Value, enter Y/N" being displayed within the Target column on the data tab. If you select this option on a Date PI, you may get unusual results in your Target column as the system tries to accumulate towards this date value. Use the directly copy the Annual Target option for this to calculate correctly. |
| Directly copy the Annual Target |
In this case Ideagen Risk Management will take the Annual Target value, as indicated by the primary target, and use it for every period during the year. At the start of the next year (i.e. in April) it will then take the annual value for that year and use it for each period during the year. |
Applying settings retroactively
Changes to the Target settings only apply going forward, any existing activated data values will not be affected by this change. If you want to get the Target to be populated from an Annual Target for existing data, the data row must be removed and re-added to trigger this function.