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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 Governance?
What is Process Governance?  

What is Process Governance?



 
 

Process Governance means a fundamental activity for establishing process policies and continuous monitoring of their compliance and implementation. This activity is managed by the governing body of an organization. It includes a mechanism for balancing powers and accountability of the organization’s personnel and for enhancing the prosperity and viability of the business processes.

There are five principles of effective process governance:

  1. Standardization: any process needs to be implemented and managed under certain approved standards
  2. Prioritization: any process needs to be prioritized to ensure the most achievable and predictable results
  3. Accountability: employees involved in process implementation and management take responsibility for process-relating roles and duties
  4. Authority: there should be a governing body with authority to enforce and ensure adherence to process governance rules
  5. Excellence: there should be internal practices that support successful deployment of business processes

Process governance is a complex of actions intended to reach the following key objectives:

  • Consistency in process implementation
  • Good communication between people involved in process management
  • Employee training and development.

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