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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 Life Cycle?
What is Process Life Cycle?  

What is Process Life Cycle?


Process Life Cycle is a combination of stages in the life of a process. It is a series of transformations that will affect the process between the beginning and end. It represents all the changes the process will deal with from start through completion.

Life cycle describes the logical flow of stages a given process will step through to achieve its objectives and produce desired results. It is often represented with use of flowcharts. Flowcharting lets create a visual summary of a process’s life cycle. In the flowchart there are inputs, resources and outputs and also the relationships between them. This graph shows all the stages that are necessary to transform inputs into outputs. It also depicts which resources are consumed and in what quantity.

Management of process life cycle can be described as a series of these steps:

  • Set process objectives
  • Define available inputs
  • Evaluate expected outputs
  • Allocate necessary resources
  • Generate outputs through input transformation
  • Compare generated outputs against expected outputs
  • Close the process
  • Report on process performance.

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