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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 Specification?
What is Process Specification?  

What is Process Specification?


Process Specification is an exact statement of the particular needs to be achieved as a result of performing a related process or activity, under certain requirements. It explains what needs to be done in order to transform provided inputs into desired outputs, with consumption of available resources.

Specifications include detailed descriptions of instructions and guidelines regarding related processes. They outline steps in process implementation and identify results to be gained after all the steps are accomplished. Generally, the following information is added in a typical process specification:

  • Requirements set before the process is started
  • Goals to be achieved upon process completion
  • Resources to be consumed during process implementation

Every process specification focuses on two aspects, such as Performance & Technical.

  • Performance aspect explains process requirements and determines desired level of performance to be maintained throughout process life cycle.
  • Technical aspect identifies process parameters (time, cost, labor) and explores process boundaries (nominal, value and tolerance performance).

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