Saturday, May 25, 2019

The Monthly “Performance Master’ Book Tuning: Leverage Dashboard to Make Continuous Improvement May 2019

Dashboards are visual displays that present the most important information needed to achieve specific goals & objectives captured on a single screen. 

Corporate Performance Management is a management control from strategy to the shop floor. "If you can't measure, you can't manage," legendary management guru Peter Drucker once asserted. Managing performance means understanding results, setting metrics, fixing plans, and making decisions to ensure it happens. It takes multifaceted approaches from multidimensional perspectives to unlock digital performance and catalyze change.



 
    Leverage Dashboard to Make Continuous Improvement


Dashboard Best Practices Dashboards are visual displays that present the most important information needed to achieve specific goals & objectives captured on a single screen. Actionable data enables better decision making. Dashboard mediums continue to grow in scope, which is great on one hand, but, will dashboards outlive their usefulness? Here are some Dashboard best practices.

The CIO's Dashboard A well-designed dashboard is an effective management tool to enable business leaders to make a better decision, from an IT management perspective; a dashboard should present the topics that you manage. CIOs shall ask themselves what are IT business objectives towards your organizational strategy. Then, translate it to smart KPIs. Smart is in a sense of how to cover all important business objectives, but not too many KPIs, to measure the progress, and not only the final result, to show the status at a glance without the need to drill down too much and so on. Typically, CIOs would need to remain on top of various parameters such as costs, production Issues (especially business-critical applications), risks, technology, customer, long-term business transformation, etc.

Is Dashboard Out of Date Dashboards can be extremely useful in a lot of areas, whether it’s a decision-making tool for executive, sharing information to an employee or supplier, or analyzing costs per sector. It’s a higher graphical representation which many people feel comfortable using. However, many of today’s dashboards are not very effective for various users to capture business insight, so is dashboard out of date?

IT Management Dashboard
The dashboard is an effective method to show IT value. The dashboard is also a good tool to provide input to the decision maker such as IT leaders and managers. Further, it encourages the IT departments to create their own marketing plan for dealing with their different 'customers inside and outside of the organization.

What’s the First Step in Building a Great Performance Dashboard A performance dashboard is a useful tool to improve management effectiveness and efficiency. But what’s the simple first step enables you to implement useful Performance Dashboards, that ‘ideally’ from day one delivers high-quality performance management information?

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