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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.

Money Management Action Plan
Home » Glossary » What are Process Principles?
What are Process Principles?   

What are Process Principles?


 Process Principles refer to a range of fundamental rules, norms or values that determine what is desirable and positive for a process and how an assigned person or team should perform this process. They explain the person/team what is right and wrong for the given process and identifies an accepted or professed rule of action or conduct the person/team should follow during process implementation. 

There are seven basic principles for a typical process:

  1. Input-output. Any process has inputs and generates outputs through consuming necessary resources.
  2. Resource consumption. A process consumes necessary resources to transform available inputs into desired outputs.
  3. Guidelines. Any kind of process is managed and performed under a set of specific guidelines that rule the process’s management and performance.
  4. Duration. Any process is an activity that is undertaken over a certain period of time.
  5. Hierarchy. A process includes a range of elements (sub-processes, procedures, tasks) that are combined into a process hierarchy.
  6. Continuation. A process can be repeated or recreated two or more times. It is performed on a continuous basis.
  7. Consistency. Any process is performed well if it is consistent; process elements are consistent to each other and performed in an organized manner.

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