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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 is Process Analytics
What is Process Analytics  

What is Process Analytics



 
 

Process Analytics is any methodology that is utilized to specifically collect, research, and compile essential information to provide the process decision-makers with insight about the efficiency and effectiveness of processes. Since all successful organizations are always seeking to improve the way business is done, process analysis is an approach helping their managers to objectively measure and improve the performance of their business activities. Regular use of process analytics is a part of process controlling as it can point at certain level of inefficiency and provide necessary background for process decision-makers to whether apply adjustment or not to react.

Business process analytics are derived for the following purposes:

  • To understand and evaluate historical performance of a process;
  • To understand what is currently happening with a process;
  • To zoom into problems of certain process areas or elements;
  • To identify and investigate specific cases of underperformance;
  • To model future performance and issues of a process;
  • To develop recommendations for preventing process fails;

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