Corporate Performance Management (CPM)
Business scorecarding means aligning action with strategy to improve performance by enabling every employee, process, and system to understand business drivers, shape solutions, and execute shared plans.
Articulate Goals: Define strategy with scorecards - Identify and map to KPIs - Leverage hidden BI - Make adaptable to business concepts (e.g. balanced scorecard)
Monitor Metrics: Business performance - and KPI monitoring - Detailed views of performance and accountability - Customized, role- based scorecards - Personalized notification
Analyze Issues: Use business analysis to gain insight - Drill down within context - Examine data for deep insight - Perform group analysis
Collaborate and Act: Share strategy- Use collaborative group analysis - Assign and monitor tasks.
A typical scorecard project
- Business strategy is defined and presented as a set of goals, metrics, weights and targets
- Data is collected from existing or manually entered data sources
- Data Logic is created
- KPIs are mapped to underlying data
- Scorecards are built on top of KPIs
- Analysis Dashboard is built on top of scorecards
- Security is enforced
- Start from the beginning