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What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
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Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

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Home » Glossary » What are Process Measures?
What are Process Measures?  

What are Process Measures?


Process Measures are special quantitative/qualitative indicators that record the path of changes applied to a related process or activity. Such indicators provide a monitoring mechanism that allows directly observing performance of the process in quantitative/qualitative values.

Measures for a certain process are usually defined and used according to respective metrics groups. There are three groups of process metrics including Effectiveness, Efficiency, and Adaptability. For instance, total process output, input/output conversion rate, and process delivery time are measures that belong to the Effectiveness group.

Using a combination of measures in process management is a great way to assess and monitor process changes. Process measures allow appraisers and analysts to track variance while focusing on process quality and improvement opportunities. They also help determine variability from average duration and identify how well a given process is fulfilled against performance expectations and whether this process reaches desired outcomes.

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