Overview
This glossary provides a reference list of common terms used in Value Driver Trees and Value Hound. Understanding these terms will help you navigate WiredUp more effectively and communicate clearly about performance analysis and value drivers.
A
Actual
The realised value of a KPI for a specific time period, reflecting what actually occurred.
Analysis Mode
The mode in Value Hound used to run sensitivity, attribution, or variance analysis on a Value Driver Tree.
Attribution Analysis
An analysis that calculates how much each KPI contributed to the change or variance in the output KPI.
B
Baseline
A reference set of KPI values used as a comparison point for performance or scenario analysis.
Branch
A section of a Value Driver Tree consisting of a parent node and its connected child nodes.
C
Calculation
A mathematical formula that defines how a node's value is derived from its child nodes.
Calculation Node
A node whose value is computed automatically based on a defined formula rather than direct data input.
Child Node
A node that feeds into another node higher up the Value Driver Tree.
Custom Target
A user-defined KPI target that differs from the default or standard target.
D
Data Import
The process of uploading KPI performance data into WiredUp using predefined templates.
Data Template
A standard Excel file used to import KPIs or KPI performance data into WiredUp.
Driver
A KPI or variable that directly influences another KPI or the final output.
E
Edit Mode
The mode in Value Hound that allows you to create, modify, or delete nodes and relationships in a Value Driver Tree.
F
Field
A data attribute displayed on a node, such as Actual, Target, Baseline, or Forecast.
Forecast
An estimated future value of a KPI based on assumptions or planned performance.
H
Hierarchy
The parent–child structure of nodes within a Value Driver Tree.
I
Impact
The degree to which a change in a KPI affects another KPI or the final output.
Input KPI
A KPI that sits lower in the Value Driver Tree and feeds into calculations higher up.
K
KPI (Key Performance Indicator)
A measurable metric representing performance, drivers, or outcomes in a Value Driver Tree.
KPI Actuals
Historical or current performance values for a KPI across time periods.
KPI Card
The visual representation of a KPI node in Value Hound showing its values, status, and fields.
L
Leaf Node
A node at the bottom of a Value Driver Tree that does not have any child nodes.
N
Node
A single element in a Value Driver Tree representing a KPI, calculation, input, or output.
O
Output KPI
The top-level KPI in a Value Driver Tree representing the final business outcome.
P
Parent Node
A node whose value is influenced or calculated from one or more child nodes.
Performance Status
A visual indicator, such as colour, showing how a KPI is performing relative to its target or baseline.
S
Scenario
A set of KPI values used to model and compare alternative performance outcomes.
Sensitivity Analysis
An analysis that identifies which input KPIs have the greatest influence on the output KPI.
Status Colours
Visual indicators applied to KPIs to quickly communicate performance against targets or thresholds.
T
Target
A desired performance value set for a KPI for a specific time period.
Time Period
The temporal resolution used to view KPI data, such as monthly, quarterly, or yearly.
Toggle
A user interface control used to show or hide KPI values or views.
V
Value Driver
A KPI or factor that directly influences business outcomes within a Value Driver Tree.
Value Driver Tree (VDT)
A structured, mathematical model that links KPIs through cause-and-effect relationships to explain performance outcomes.
Value Hound
A WiredUp tool used to build Value Driver Trees, visualise KPI performance, and run advanced analysis.
Variance
The difference between two KPI values, such as Actual versus Baseline or Actual versus Target.
Variance Analysis
An analysis that allows multiple KPIs to be changed simultaneously to understand combined impacts on the output.
View (VDT View)
A configured presentation of a Value Driver Tree showing selected fields and time periods.
VDT Definition
A template that defines the fields, structure, and time-based views used for a Value Driver Tree.
Next Steps
To learn how to start building your Value Driver Tree, see: