Choosing the right metrics to look at in your business can be done by following five simple rules:
Actionable – The metric looks at something that can be improved over time.
Explainable – The people measuring it should be able to quickly explain why it is being measured.
Independent – There should not be more than one metric looking at the same items.
Operation Oriented – The metric should be cross-functional.
Understandable – The metric should not require constant explanation.