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Analytics-Based Enterprise Performance Management

 
  August 23, 2017  
     
 
NetZealous LLC, DBA TrainHR, Online evnt
2017-10-06


The TrainHR webinar is approved by HRCI and SHRM Recertification Provider.

 

 

Overview:
Many organizations are far from where they want and need to be with improving performance, and they apply intuition, rather than hard data, when making decisions. 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, activity-based costing (ABC).

customer profitability and relationship management, supply chain management, lean and Six Sigma quality management, and resource capacity planning. Each one should be embedded with business intelligence (BI) and business analytics (BA) of all flavors,such as correlation, segmentation, and regression analysis,and especially predictive analytics. This presentation will describe how to complete the full vision of analytics-based enterprise performance management to improve organizational performance. Regarding planning, the annual budget is often perceived as a fiscal exercise done by the accountants that is 1. disconnected from the executive team's strategy and risk management mitigation plans,and 2.Does not adequately reflect future volume drivers.

The budget exercise is often scorned as being obsolete soon after it is produced, and biased toward politically muscled managers who know how to overstate and "pad" their budget request. To complicate matters, traditional budgets are typically incremented or decremented by a small percent change from each cost center's prior year's spending level, but "use it or lose it" behavior by managers in the last few months of the fiscal year to unnecessarily pump up their prior year's costs and serves to confuse analysis of who really needs what. Some organizations revert to rolling financial forecasts, but these projections may include similarly flawed assumptions that produce the same sarcasm about the annual budgeting process. 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 these limitations. Ideally, the correct and valid amount of future spending for capacity and consumed expenses should be derived from two broad streams of workload that cause the need for spending-demand-driven and project-driven.Demand-driven expenses are operational and recurring from day to day. Their requirements are typically from customers. In contrast, project-driven spending is nonrecurring and can take from days to years in time duration.

Building a core competency in strategy execution creates a competitive advantage for commercial organizations and increases value for constituents of public sector organizations. This competency links the strategy to the resources required to achieve plans.

 Event link :    http://www.trainhr.com/control/w_product/~product_id=701853LIVE/?channel=hum-molgen_october_2017_SEO
Contact Details:
NetZealous LLC, DBA TrainHR    
Phone: +1-800-385-1627
Email: support@trainhr.com

 

 

 
 
Organized by: NetZealous LLC, DBA TrainHR
Invited Speakers: Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA with honors from Northwestern University’s Kellogg School of Management in 1974.
 
Deadline for Abstracts: 2017-10-06
 
Registration: Cost : $145.00

Registration link :       http://www.trainhr.com/control/w_product/~product_id=701853LIVE/?channel=hum-molgen_october_2017_SEO
E-mail: trainhr1@gmail.com
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