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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 is Process Drift
What is Process Drift  

What is Process Drift



 
 

Process Drift is a measure of deviation that determines whether the current behavior of a process varies from the normal or standard behavior over a fixed period of time. This measure has rather a negative impact on the process, yet it helps figure out process issues and forecast process performance.

There are three types of process drift, as follows:

  • Cyclical drift (happens many times on a regular basis)
  • Instant drift (happens one time unexpectedly)
  • Irregular drift (happens many times irregularly)

Process drifts happen when there are unexpected changing conditions that have an observable impact on the process’s behavior. For instance, changes in equipment specifications and also new lot of raw materials cause an amount of deviation to the manufacturing process. This process’s duration, resources and activities require for re-estimation. Another example: just employed salespersons need to be trained before they can participate in the selling process; thus the process may be extended for the amount of time necessary for employee training.

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