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KPI information boards. A performance indicator or key performance indicator (KPI) is a type of performance measurement. [1] KPIs evaluate the success of an organization or of a particular activity (such as projects, programs, products and other initiatives) in which it engages. [2]
Business performance management (BPM) (also known as corporate performance management (CPM) [2] enterprise performance management (EPM), [3] [4] organizational performance management, or performance management) is a management approach which encompasses a set of processes and analytical tools to ensure that an organization's activities and output are aligned with its goals.
Examples: time to develop new generation of products, life cycle to product maturity, time to market versus competition. The idea was that managers used these perspective headings to prompt the selection of a small number of measures that informed on that aspect of the organization's strategic performance. [ 5 ]
In business and project management, a responsibility assignment matrix [1] (RAM), also known as RACI matrix [2] (/ ˈ r eɪ s i /; responsible, accountable, consulted, and informed) [3] [4] or linear responsibility chart [5] (LRC), is a model that describes the participation by various roles in completing tasks or deliverables [4] for a project or business process.
SP 1.2 Establish Estimates of Work Product and Task Attributes; SP 1.3 Define Project Lifecycle Phases; SP 1.4 Estimate Effort and Cost; SG 2 Develop a Project Plan SP 2.1 Establish the Budget and Schedule; SP 2.2 Identify Project Risks; SP 2.3 Plan Data Management; SP 2.4 Plan the Project's Resources; SP 2.5 Plan Needed Knowledge and Skills
WorkPLAN then manages the manufacturing process, including the production planning and scheduling, production performance monitoring, and recording the time spent on each task by each employee or machine in real time, using touchscreens, barcode readers or data-entry forms. As production proceeds, data can be fed back into SAP in the form of ...
S.M.A.R.T. (or SMART) is an acronym used as a mnemonic device to establish criteria for effective goal-setting and objective development. This framework is commonly applied in various fields, including project management, employee performance management, and personal development.
It is intended to enable employees to identify, deliver, and enhance the flow of value to customers. Common frameworks associated with operational excellence include: lean management and Six Sigma , which emphasize efficiency, waste reduction, and quality improvement.