Online Safety Community

Understanding and Applying Analytics-Based Enterprise Performance Management

Many organizations have a tough time living up their own expectations. They hardly reach their destination, and at most times, they are short of their goals and targets. One of the primary reasons for this shortfall is that their decisions are based on feeling and intuition, rather than being supported by hard facts and figures. This is the area of analytics. This tool gives a clear sense of direction about where the organization is headed from time to time.

Data-driven decision-making is far more accurate than gut feel. Enterprise and corporate performance management (EPM / CPM) is now viewed as the seamless integration of managerial methods such as balanced scorecards, strategy maps, enterprise risk management, driver-based planning and budgets, rolling financial forecasts, and activity-based costing (ABC).

Analytics-based enterprise performance management is a great means to improve organizational efficiency. When important tools such as customer profitability and relationship management, supply chain management, lean and Six Sigma quality management, and resource capacity planning go into it, and when each is embedded with Business Intelligence (BI) and Business Analytics (BA) of all flavors, such as correlation, segmentation, and regression analysis, and especially predictive analytics; the end result is a performance management system that is efficient, objective and perceptive. Such a system helps the organization take important management-related decisions.

Learning on all aspects of Analytics-Based Enterprise Performance Management

A webinar from TrainHR, a leading provider of professional trainings for the HR industry, will offer sharp insights into performance management. Gary Cokins, founder of the advisory firm, Analytics-Based Performance Management, and an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics; will be the speaker at this webinar.

In order to gain knowledge of this vital tool in performance management, please enroll for this webinar by visiting TrainHR. Viewing this webinar, its entirety qualifies for a recertification credit hour that may be counted toward SHRM-CP and SHRM-SCP recertification from SHRM.
Credit is awarded based on the actual educational time spent in the program.

This webinar has been approved for 1 HR (General) recertification credit hours toward aPHR, PHR, PHRca, SPHR, GPHR, PHRi and SPHRi recertification through HR Certification Institute (HRCI).

A useful tool in budgeting, too

Gary will also offer in-depth understanding of budgeting, an important fiscal exercise for organizations, in optimizing performance management. He will show how two components of the enterprise and corporate performance management (EPM / CPM) framework, strategy maps and activity-based costing principles, can be drawn on to resolve limitations of financial forecasting.

This webinar is of high value to personnel in important positions of organizational decision-making, such as CFO, Financial Controller, Accounting Staff, CIO and Information Technology Staff, Strategic and Business Planning, Marketing and Sales Managers, Budget Managers and Risk Managers.

Views: 280

Comment

You need to be a member of Online Safety Community to add comments!

Join Online Safety Community

Take our poll!

Take our poll!

Latest Activity

Carl Martens posted a blog post

The Basics Of Peer-To-Peer Recognition

Employees spend a great amount of time at work, perhaps sacrificing personal and family time, and they deserve to be recognized. Fifty-seven percent of companies that implemented a peer-to-peer recognition program saw a significant increase in employee engagement, leading to higher productivity and employee retention rates. The accompanying slideshow details the basics of peer-to-peer recognition and provides tips companies can use to easily implement and maintain such a program. The Basics of…See More
3 hours ago
Russel Stuart posted a blog post

Diversity in the Workplace is all About Embracing Differences

Diversity in the workplace brings different perspectives and thinking into the workplace. It helps employees learn to understand each other better and removes insularity.If there is one mantra that is most commonly associated with the modern workplace, it has to be diversity in the workplace. Diversity in the workplace has gained greater momentum in this age of globalization. World over, there is a tendency to accommodate multiculturalism through a diverse workplace. Diversity at the workplace…See More
9 hours ago
Russel Stuart posted events
10 hours ago
Adam Fleaming posted a blog post

Facts about the (food and beverage) industry that could [surprise] you

Like any other industry, the food and beverage industry too, is unique in its own way, carrying its own set of characteristics. It is a curious mix of the big and the small, not only in terms of the size of companies in it, but also the reach of these companies.In a sense, the food and beverage industry is a global one, if only because almost no part of the world is excluded from it. It can be said to global from another perspective: Many players in the food and beverage industry are real…See More
11 hours ago

Forum

Workplace health and safety Signs 4 Replies

You cannot ignore the importance of safety signs at your workplace. There is no scope to underestimate the important to health and…Continue

Tags: Prohibition, Workplace, Warning, Signs, Safety

Started by healthandsafetysigns. Last reply by Jen McDade on Monday.

Jewellery policy - breakaway pins

Hello,Hopefully someone has come up against this, my employers have implemented a jewellery policy; its a bit over the top but they are keen on enforcing it.As is the tendency with anything…Continue

Tags: watches, heavy machinery, industry, Jewellery

Started by Brent Sep 10.

Secure Yourself From The Impending Danger 3 Replies

The most important thing in life is one’s protection against the impending dangers of life. While working or even at home we all feel the need to be safe because if we have good and safe life, only…Continue

Tags: coverings, Protective

Started by Enna Henry. Last reply by Jen McDade Sep 7.

How To Get The Safest Personal Protective Equipment? 2 Replies

Worried about the safety issues? Feeling a little concerned about the safety factors? Running a company and the safety problems are bothering you? Feel relaxed and look for the best safety solutions…Continue

Tags: equipment, protection, personal

Started by Enna Henry. Last reply by Jen McDade Aug 31.

Safety Books 1 Reply

Please view this brochure and let me know if you are ok with the condition before we can share full books of safety…Continue

Started by Binh, M.S, Grad.IOSH, MIIRSM. Last reply by Jen McDade Aug 31.

Badge

Loading…

© 2018   Created by Safety Community.   Powered by

Badges  |  Report an Issue  |  Terms of Service