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.