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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 Stage
What is Process Stage  

What is Process Stage


Process Stage is the division of a process into interrelated tasks and activities that are performed consistently to achieve specific intermediate outcomes within a scheduled period. One process stage consumes a pool of resources (time, labor, funds, machines, etc.) to convert inputs (data, material, components, etc.) into outputs. These outputs then serve as inputs for the next process stage until a preset process objective or end result is achieved.

Process stages determine key levels or time periods within process lifecycle. For example, the lifecycle of a typical business process consists of such time-scaled stages as Growth, Peak, Recession and Recovery. The lifecycle of a project management process includes the stages Conceptualization, Planning, Execution, Control, and Termination.

Any process is unique, so it may have some stages that are not particular to other processes. For example, the mentioned stages in project management may vary depending on the type and nature of project. Meanwhile, any process stage involves:

  • A series of consistent actions that perform the stage
  • A fixed time period
  • Available inputs
  • Desired outputs
  • Resources
  • Linkage to other interdependent stages.

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