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).
Areas Covered in the Session:
- What the pressures are compelling organizations to adopt EPM (e.g.greater volatility, uncertainty, insights for problem solving)
- Why business analytics, with emphasis on predictive analytics and pro-active decision making, is becoming a competitive advantage differentiator and an enabler for trade-off analysis
- How strategy maps and their companion balanced scorecards communicate strategic objectives with target-setting to help cross-functional employee teams align their behavior to the strategy and better collaborate
- How all levels of management can quickly see and assess how they are doing on what is important using key performance indicators (KPIs).
- How activity-based cost management (ABC/M) provides not only accurately traced calculated costs (relative to arbitrary broad-averaged cost allocations), but more importantly provides cost transparency back to the work processes and consumed resources, and to what drivers cause work activities
- Why measures of channel and customer profitability and customer value now supersede profit and service-line measures and shifting from product to customer-focused organizations including future potentialvalue customer lifetime value
- How managerial accounting enables internal chargeback invoices of shared services (e.g.information technology services)
- How analytics-based enterprise performance management solves the problem of poor budgeting
- How three types of project-related costs are included in the budget capital, risk mitigation, and strategy execution projects
- How improvements to the managerial accounting system not only provides accuracy and visibility to costs, but they enable predicting required future resource capacity expense requirements
Who Will Benefit:
- CFO,Financial Controller,Accounting Staff
- CIO and Information Technology Staff
- Strategic and Business Planning
- Marketing and Sales Managers
- Budget Managers
- Risk Managers
Gary Cokins is an internationally recognized expert, speaker, and author in enterprise and corporate performance management improvement methods and business analytics.
Event link : http://www.trainhr.com/control/w_product/~product_id=701853LIVE/?channel=globalriskcommunity_october_2017_SEO
Contact Details:
NetZealous LLC, DBA TrainHR
Phone: +1-800-385-1627
Email: support@trainhr.com
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