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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 Strategy
What is Process Strategy  

What is Process Strategy


Process Strategy is a long-term plan of action that describes a certain process, explores its goals and specifies how to bring about a desired outcome related to this process. It explains what resources are available and how to best use them to achieve the outcome within fixed time-frames.

Strategy determines the best possible way to implement a process under certain assumptions and constraints. It specifies the process’s potential and recognizes the process’s impact on surrounding environment. In business, process strategies are used to plan for successful delivery of defined business goals such as competitive advantage, sales increase, turnover reduction, others.

Development of process strategy involves the following general activities:

  • Definition of process objectives
  • Definition of process inputs
  • Assessment of process resources available for meeting process objectives
  • Description of process outputs
  • Specification of high-level scenarios that explain how to use resources to transform inputs into outputs
  • Specification of process requirements that direct and limit use of process resources.

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