Where are you in the Performance Management deployment cycle?
What do you what to happen?
Plan what you would like to happen based on insights from analysis of trends in your industry and events that impact your business.
Drive strategic objectives and goals into the planning and budgeting process to ensure departmental plans align with corporate strategy. Reduce the time and effort required through centralized control, administration and workflow that manages the creation and submission.
Screenshots: Strategy Map Scorecard, Corp Planning Scorecard, Regional Planning
Carrying out your plans
Execute by making decisions and taking action, based on the outcome of planning activities. Here, your adjusted expectations or predictions from forecasting and planning may help your organization to arrive at new hunches allowing organizations to build reliable plans faster and execute against them by aligning and driving accountability across business operations.
Screenshots: Manufacturing Scorecards (Ohio), Manufacturing Scorecards (Kentucky), Company Wide Initiatives
What is happening now?
Monitor your group / organization progress towards a certain time-limited target or objective.
Monitor the outcome of your decisions and actions to determine whether your initial hunches (or adjusted ones) were correct, and if your decisions and actions had any impact on what was happening in the first place
Screenshots: Sales Summary Scorecard, Fulfillment Scorecard, IT Health Scorecard
Why it is happening?
Analyze further to understand why something interesting is happening. Your hunches may turn out to be nothing important, or something that really need to addressed. Analysis enables business users to see and understand performance issues quickly so they can make better decisions faster all without the need for technical assistance. The fact that scorecards, dashboards, and analytics are all integrated into the same application makes deployment simple and helps drive alignment and accountability.
Powerful visualization and analytics make it easy to understand complex information faster.
Screenshots: Financial Gross Profits, Average Price per State, Analytical Views
What is likely to happen?
What you think will happen, based on what you have analyzed. Here you use your hunches to build one or more scenarios in order to help your organization predict or refute your hunches. Apply either of the two most common forecasting methods, which support your needs:
- Quantitative, based on instinct, experience, beliefs or opinion
- Qualitative, determine by statistical model of historical data or other assumptions.
- Or a combination of both methods simultaneously
Screenshots: Risk Management Analysis, Workspace for sales Team