What is a confidence level?

Learn what a confidence level is on Collato.

The confidence level allows organizations to indicate whether they’re confident if they’ll reach their goal by the end of their cycle. Based on the goal type, update value, and date of the update, our platform calculates which of the four statuses you are at. Then, we auto-suggest a confidence level; however, you can override our suggestion.

Collato
  • 🕛 Not started: Have not started.
  • 🚨 At risk: You are behind on your progress based on the trend line. You should be wary of this confidence level.
  • 🛼 Off track: You are near the trend line but have not surpassed it. You should be mindful that you’re not fully on track, but you don't have to be too alarmed.
  • 🏃On track: You are on track (meeting the trend-line or surpassing it) to reach your goal this cycle.

Some organizations prefer a 0.0 to 1.0 score. We’d recommend the following “translations.”

  • 0.0: Not started
  • 0.1 to 0.3: At risk (“We’re failing to make real progress”)
  • 0.4 to 0.6: Off track (“We’re making progress, but we’re falling short of completion”)
  • 0.7 to 1.0: On track (“We’re delivering”)

If you have any questions, you can always contact our support team: support@collato.com.

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