KPI Dashboard: Construction Business

Description
As a construction business owner or general contractor, one of the most important KPIs is the gross profit and gross profit margin of each job. Setting targets and tracking job success against those targets is one way to help give the business owner context into how things are going.

To further the usefulness of this KPI dashboard, jobs are segmented into four job categories. The template will display the average gross profit per job in total and by category.

Job quoting success is also important. You will want to know how your margins are doing for quotes as well as the variance against actual job margins. Being able to give customers quotes that are close to actuals is a great way to build loyalty, customer satisfication, and win new work. It also makes financial planning more predictable. If your quotes are way off from actuals, then everyone involved will suffer over time.

The template has some cool features for conditional formatting and visualization. These are mainly influenced by the financial performance of jobs compared to the defined gross profit goals.

Data entry is pretty high level. The user just needs to enter the job completion date, jobID, job type, job type 2, quoted price, estimated cost, actual price charged, actual costs. Everything else will populate based on that.

I also added a monthly job analysis summary that shows job stats for revenue, costs, gross margins, and averages per job.

Visualizations include bar charts, pie charts, and speedometer gauges. The gauges are used to show the percentage of jobs that meet GP $ and GP% targets in the defined time period.

Visualizations are important in a KPI (key performance indicator) dashboard because they help to effectively communicate information and data in a way that is easy for people to understand and interpret. They can make it easier to see trends, patterns, and relationships in data, which can help decision-makers identify areas for improvement and make informed decisions.

Visualizations can also be more engaging and attention-grabbing than text or numbers alone, which can help to effectively communicate the most important information and ensure that it is retained by the viewer. By using charts, graphs, and other visual elements, a KPI dashboard can effectively communicate complex data in a clear and concise way, making it easier for people to understand and act on the information.

Overall, visualizations are a powerful tool for communicating data and information, and they play a crucial role in the effectiveness of a KPI dashboard.

NOTE: There is a Google Sheet dashboard included. The link is in the Excel template and when you go to it, simply hit File and Make a Copy for your own editable use. This version has extra features like a dynamic job filter (three criteria) and native speedometer visualizations.

This template is also included in three bundles:
- All Models Bundle: https://www.eloquens.com/tool/P8Y4TX4v/finance/financial-forecasting-models/financial-models-120-useful-and-usable-logic
- HR Bundle: https://www.eloquens.com/tool/ybpgsLB5/engineering/google-sheets-templates/hr-human-resources-template-bundle
- Accounting Tools: https://www.eloquens.com/tool/axKzHNRV/finance/accounting/accounting-bundle-useful-excel-templates-for-accounting-department