Performance Management for maximum value-creation
In an increasingly competitive environment 'without borders' the penalty for underperformance is rising rapidly. Those companies that let themselves be dragged along by the currents of world, competitor and market events are feeling the impact, not in five aear, but immediately. Performance management means taking control by creating transparent, efficient and focused processes and methods that stimulate continuous improvement, rather than creating a bureaucratic drain of energy.
What is the role of IT in this context? From putting performance indicators on managers' desktops via decentralized, web-enabled cockpits and supporting the focused analysis of detailed historical data and future scenarios to efficiently managing the many individual inputs of the budgeting process - IT ensures the successful operationalization of 'the theory' into companies' complex daily reality.
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Characteristics
- Aligning strategic planning and operational management
- Facilitating coordination and communication across different units
- Enabling objective measurement of the contributions of individual units
- Sharing core business process indicators across the organization
- Transforming raw data into decision-oriented information
- Ensuring accuracy and consistency of data across the organization
- Providing early-warning signals for timely and focused intervention
- Stimulating rigorous forecasting through simulations and scenarios
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