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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 Transparency?
What is Process Transparency?  

What is Process Transparency?



 
 

Process Transparency means a process’s capability of being monitored, controlled and managed by decision makers (those who control and manage the process) in the way that ensures higher process performance and increases the likelihood of successful completion. When the process is transparent, stakeholders (those who are impacted by or have an interest in the process) are better explained about the process functioning.

Transparency of a process entails more than just simplicity in monitoring, controlling and managing the process. It allows decision makers to address three important issues, such as:

  • Factual Issues
  • Normative Issues.
  • Stakeholders’ Concern.

When a process is transparent, decision makers are enabled to compare actual (factual) process performance against expected (normative) performance to determine any discrepancies and then develop a corrective action plan. Meanwhile, process requirements and expectations of stakeholders will be the primary condition for such a plan. It means in case of any performance gap detected, decision makers need to create a solution that meets stakeholders’ requirements. Such a solution should also ensure that current level of process transparency remains the same.

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