How to Create a Portfolio Monitoring Dashboard in Four Simple Steps

Present data visually for immediate insight into your portfolio.

The hallmark of a powerful portfolio monitoring dashboard is the ability to see and understand the data immediately. A well thought out dashboard will allow you to ask and answer questions in real-time, spot trends in your portfolio, and when used effectively, increase ROI.

Ready to Build Your Dream Portfolio Monitoring Dashboard? Visualize Your Data Today by Scheduling a Hockeystick Demo.

So how can you build a dashboard that fulfills your private equity firm’s goals? How can you create a dashboard that is just right for you and your team? By following these four steps.


1. Pick Metrics That Matter

The first step in creating an effective portfolio monitoring dashboard is selecting relevant metrics. Above all, the metrics must be pertinent to the job at hand. But that doesn’t mean every metric should be included—far from it. You should be highly selective in determining which metrics earn a spot on your dashboard.

 That means every metric on your dashboard needs to connect to your current goal, whether it be discerning which industry sectors are best performing in your portfolio or comparing key financial metrics.

In order to select the right set of metrics to include, consider these questions:

• “How does each metric contribute to my objective?”
• “Does this metric contribute to the objective?”
• “Can I build an ongoing means of measuring this metric?”


2. Take Advantage of Better Visuals

Dashboards are meant to be easy and fast to read. To create such a dashboard, you need the freedom and flexibility to explore your data using different visual structures, such as a column, pie, or line charts.

The process of gaining insight is dramatically faster when data is visually displayed on a dashboard with various graphs or charts. Why? Because the human brain can process graphs and images 60,000 times faster than text.

But it’s also important to resist the temptation of over-designing your dashboard. As pretty as it may seem, too much design can easily get in the way of your dashboard’s primary objective.


3. Don’t Be Overly Ambitious

It’s easy to get overly ambitious and want to create a highly detailed, real-time dashboard that covers every aspect of your portfolio. Spending weeks on end coming up with a “perfect” dashboard is a waste of time, and frankly, isn’t going to happen.

Instead, stick to your dashboard’s key objective—then test and refine it.


4. Remember to Test and Refine

As you get your dashboard off the ground, we recommend that you test and refine it. Like any successful project, the key is solid testing! Remember, rolling out a dashboard is not a one and done exercise. Make sure you are validating the usefulness of your dashboard regularly.

With these broad hallmarks of a good portfolio monitoring dashboard design, your organization is now ready to turn insight into action and inspire true innovation.


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