Service-level agreements (SLAs) are an important component of business consulting. They are often used by a company to communicate with its customers. It outlines the requirements for each party to reach their goals and provides an avenue for reporting on these goals as well as any issues that arise.
SLAs provide protection for http://royston-consulting.com/tips-on-choosing-an-outsourcing-consulting-service both the service user and provider by setting standards, targets, and consequences when these expectations are not met. They also allow for the creation of key performance indicators that can help a business identify areas that are not on track to meet its strategic objectives.
The SLA is a document that defines all the services that will be included in a given contract. It should also include information on turnaround times and exclusions. The contract should also include a list of metrics to be used in measuring the service provider’s performance.
Metrics should only reflect factors under the control of a service provider and be easily collected. They should also be set to a reasonable baseline, so that they can be refined over time.
KPIs are metrics that measure how well an organization is performing with respect to its primary goals. It can be used to determine if the business is off-course, which is a common problem for small businesses.