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Download the Performance Management Fundamentals Guide

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Lifecycle Lifecycle <strong>Performance</strong> <strong>Performance</strong> Professionals<br />

Professionals<br />

and relationships, for example. Closely related to terms such as intellectual<br />

capital and intangible assets. Some experts suggest that as much as 75<br />

percent of an organization’s value is attributable to human capital.<br />

Index KPIs: Index KPIs are an index of multiple KPIs. Often times <strong>the</strong>se KPIs<br />

might actually be measured in completely different units and an index KPI<br />

normalizes <strong>the</strong> underlying KPIs to provide a single score. Sometimes used in<br />

<strong>the</strong> public sector, an example might be a Health Index, which is composed of<br />

multiple health related KPIs.<br />

The information supply chain (ISC): The full set of elements, technologybased,<br />

process-specific and organizational in nature, which is necessary to<br />

collect information from discrete processes, transform this information from<br />

data into knowledge, and deliver <strong>the</strong> right data to <strong>the</strong> right stakeholders in <strong>the</strong><br />

right way and at <strong>the</strong> right time.<br />

Initiatives: The lifeblood of an organization’s operations, initiatives organize<br />

people and resources and dictate which activities are required to accomplish<br />

a specific goal by a particular date; initiatives provide <strong>the</strong> how while goals<br />

provide <strong>the</strong> what. As differentiated from projects, initiatives directly support an<br />

organization’s strategic goals; projects may or may not have strategic impact.<br />

Examples: Supporting <strong>the</strong> objective “Ensure 100% in-stock merchandise”<br />

might be initiatives such as “Upgrade of inventory management software to<br />

include demand chain and “Migration to store-specific assortment plans from<br />

uniform assortments.” Initiative management solutions help ensure that<br />

activities are aligned with goals, increase coordination of resources, and allow<br />

prioritization based on importance, not just urgency.<br />

Inputs: Commonly used within <strong>the</strong> Logic Model to describe <strong>the</strong> resources an<br />

organization invests in a program, such as time, people (staff, volunteers),<br />

money, materials, equipment, partnerships, research base, and technology,<br />

among o<strong>the</strong>r things.<br />

Initiatives - The specific programs, activities, projects or actions an<br />

organization will undertake in an effort to meet performance targets.<br />

Internal Process Perspective - One of <strong>the</strong> four standard perspectives used<br />

with <strong>the</strong> Balanced Scorecard. Measures in this perspective are used to<br />

monitor <strong>the</strong> effectiveness of key processes <strong>the</strong> organization must excel at in<br />

order to continue adding value for customers, and ultimately, shareholders.<br />

IT performance management: A brand of performance management that<br />

assists organizations with <strong>the</strong> increasing demands of maximizing value<br />

creation from technology investments; reducing risk from IT; decreasing<br />

architectural complexity; and optimizing overall technology expenditures.<br />

© 2009 Lifecycle-performance-pros.com All rights reserved 66

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