Management Reporting

Management reports are analytical tools used by managers to inform the performance of the business in several areas and departments. Senior executives and leadership use management reporting to drive strategic decisions and monitor critical KPIs in real time.

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There are fundamental qualities that make information the correct information:

• Reliability – Have you checked the accuracy of the information before presenting it?

• Comparability – have you measured the information using consistent methods from report-to-report, and between report metrics?

• Alignment – have you linked the information to your entity’s key governance documents? Does it align with business, operational and strategic plans, individual key performance indicators (KPIs), or risk tolerances?

• Conciseness – have you removed any distracting or irrelevant information?

• Relevancy – have you tailored the information to the specific needs of your entity’s leaders? Does it help them address issues and improve the business, or is it too granular? Have you communicated the ‘so what?’

• Completeness – have you ensured you haven’t omitted any information your entity’s leaders require and that all stakeholders have had the opportunity to contribute to the information presented?

• Understandability – have you presented the information clearly and readably, drawing the reader’s attention to critical areas of concern? And is it free from technical jargon?

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