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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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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 is Process Approach?
What is Process Approach?    

What is Process Approach?


Process Approach is a certain way of dealing with an activity to define a sequence of circular and continuous steps that consume a definite amount of resources to produce desired outcomes. Organizations use process approach as a way for planning, leading, and controlling various activities. 

The major idea behind process approach is to regard activities as processes. Following this idea an organization is enabled to develop a process-based environment in which activities are planned and controlled by process management principles. In particular, every activity will be characterized by:

  • Inputs
  • Resources
  • Outputs 

Process approach says that an activity can be performed by consuming resources that transform inputs into outputs. In such a way an organization deals with process-based management that clearly defines activity inputs, resources and outputs. 

The key benefit of using process approach in a business company is that it becomes easier for the company to plan, lead and control continuous activities that are clearly defined by planned inputs, available resources and desired outputs. By managing these three characteristics the company can increase operational efficiency and reach activity optimization.

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