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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 Excellence
What is Process Excellence  

What is Process Excellence


Process Excellence means a controlled state of sublime business organization in which a company continually streamlines its processes to increase their efficiency by improving their design, bringing innovations, implementing better tools and approaches. Superiority of the technologies and methods used in the business processes is what explains their excellence which underlies their exceptional profitability. This state is a result of effective process management that is a subset of administrative controls wielded by a company’s direction.

In more specific terms, the Process Excellence comprises:

  • Exceptional profitability of the processes (costs are continually controlled and decreased);
  • Eliminated waste of resources (possibilities for resource leaks are prevented);
  • Maximized value of production (the best possible level of process output);
  • Compressed duration (timing of the processes is optimized to the maximum);
  • Controlled environment (all risks are studied, mitigated or avoided);
  • Supported by superior manpower (highly-trained professionals are appointed to the processes);
  • Effectively controlled and measured by skillful managers (at all steps and stages);
  • Supported by determined and approved methodologies; 

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