You can’t manage what you don’t measure! This is probably an overused cliché, but it carries a lot of meaning. To effectively manage an organization, one must identify the key performance drivers that, if properly managed, will assure that the organization is headed in the strategic direction it has chosen. These drivers will also allow management the ability to drive the improvement of performance and competitiveness. Measures for these performance drivers should be well defined and understood and should be deployed to all levels of the organization. A measurement system or a cascaded “Balanced Scorecard” should be developed to facilitate the flow of, accessibility, timeliness, reliability, and linkage of these measures to the appropriate levels. A cause and effect linkage relationship should also be developed among the indicators so that analysis can be performed and decisions can be made for allocation of resources, process changes, and changes in direction. “Decisions by Fact” should become a core value of the organization, but the proper tools to make these decisions need to be built and supplied to the work force to facilitate the decision making process.
Benefits
- Assure that your organization clearly understands and selects measures of what is important to its success.
- Determine measures to manage overall and daily operational performance.
- Analyze how your key processes align with the corporate key business drivers.
- Provide a sound basis for fact-based decision making.
- Strengthen the cause and effect relationship among processes and to their results.
- Understand the implications between process actions, resources, costs and revenues.
- Become aware of the many types of analyses that can be performed and how these investigations can lead to improved organizational performance.
Highlights
- Why is Measurement Important?
- Integration of Measurement Within an Organizational Performance Model
- Driving Your Organization to Success?
- Establishing Measurement Systems
- Types of Indicators – Their Selection
- Developing a Balanced Scorecard
- Alignment of Indicators
- Reliability, Timeliness, Accessibility, Aggregation
- Management by Fact
- Cause and Effect & Linkage to Results
- The Flag Indicator Method
- Understanding Performance Analysis
- Keeping the Measurement System Current
Link to Malcolm Baldrige National Quality Award Criteria
This workshop concentrates mainly on the Information and Analysis Criteria Category, but because of its integrated nature, it also touches on some aspects of Customer and Market Focus, Strategic Planning, and Results.
Duration
- 1 Day