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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 Shift
What is Process Shift  

What is Process Shift



 
 

Process Shift is a variation measure that shows an abrupt upward or downward change in the performance of a process which appears to be stable and consistent. This measure identifies the process’s ability to increase or decline its performance suddenly and to keep this performance level permanently or over a relatively long period.

The term is often used in statistical analysis for investigating various data and determining performance picks and falls. On a graph, process shift can be visually represented as a parabolic curve. Analysts can use process performance charts to track performance increases and declines.

For instance, an auditor working for a trading company uses a sales performance chart to draw the performance line of the selling process; in case some sudden change happens to the process (e.g. an innovative sales technique is implemented in the process), the auditor measures the impact and draws a parabolic curve on the chart. If the change causes a permanent or relatively long performance variation, then this curve signifies the process’s shift. The upper and the bottom spots on the curve will show performance peak and fall respectively.

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