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Performance Management
Business performance management (BPM) (also known as corporate performance management (CPM) enterprise performance management (EPM),) is a management approach which encompasses a set of processes and analytical tools to ensure that a business organization's activities and output are aligned with its goals. BPM is associated with business process management, a larger framework managing organizational processes. It aims to measure and optimize the overall performance of an organization, specific departments, individual employees, or processes to manage particular tasks. Performance standards are set by senior leadership and task owners which may include expectations for job duties, timely feedback and coaching, evaluating employee performance and behavior against desired outcomes, and implementing reward systems. BPM can involve outlining the role of each individual in an organization in terms of functions and responsibilities. History By 2017, Gartner had reclassified CPM as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
United States Office Of Personnel Management
The United States Office of Personnel Management (OPM) is an independent agency of the United States government that manages the United States federal civil service. The agency provides federal human resources policy, oversight, and support, and tends to healthcare ( FEHB), life insurance ( FEGLI), and retirement benefits ( CSRS and FERS, but not TSP) for federal government employees, retirees, and their dependents. OPM is headed by a director, who is nominated by the president. As of January 20, 2025, Charles Ezell is acting director. History The Pendleton Civil Service Reform Act of 1883 created OPM's predecessor, the United States Civil Service Commission. On January 1, 1979, the Civil Service Reform Act of 1978 and Reorganization Plan No. 2 of 1978 took effect, dissolving the Commission and assigning most of its former functions—except the federal employees appellate function—to new agencies, with most assigned to the newly created U.S. Office of Personnel Managemen ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
List Of Management Topics
The following outline is provided as an overview of and topical guide to business management: Business management – management of a business – includes all aspects of overseeing and supervising business operations. Management is the act of allocating resources to accomplish desired goals and objectives efficiently and effectively; it comprises planning, organizing, staffing, leading or directing, and controlling an organization (a group of one or more people or entities) or effort for the purpose of accomplishing a goal. For the general outline of management, see Outline of management. Overview * * * * * * Types of organizations * ** *** * – Autonomous association of persons united voluntarily to meet their common economic, social, and cultural needs and aspirations through a jointly owned and democratically controlled enterprise * * ** Areas of management application Management application can be used by a person or a group of people and by ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
IT Performance Management
In a business or IT Management context, IT performance management is concerned with measuring the expenditure of capital and human resources on Information Technology projects. This allows the business to determine how these expenditures improve strategic and operational capabilities of the firm in designing and developing products and services for maximum customer satisfaction, corporate productivity, profitability, and competitiveness. This type of IT Performance Management is usually of interest to executive level IT personnel, all the way up to the Chief Information Officer (CIO), and is related to IT Portfolio Management. Benefits Direct financial gains * Focuses IT resources on projects that grow sales * Focuses IT resources on projects that reduce costs * Aligns IT organization directly behind corporate financial goals Improved management control *Demonstrates the direct business value of each IT project or operation * Helps audit and comply with legisl ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Integrated Business Planning
Integrated business planning (IBP) is a business management process that aims to align strategic, operational, and financial planning into a single, integrated process. Objective Integrated business planning (IBP) is used by organizations to integrate various functions and align strategic, operational, and financial planning. Key aspects often included in IBP frameworks are: 1. Functional Integration: IBP aims to integrate departments within an organization and align them functionally. It seeks to create a unified planning process that connects functions such as research and development (R&D), manufacturing, supply chain management, marketing, and sales, incorporating inputs from each to form a common business plan. 2. Harmonization of Planning Cycles:: IBP involves synchronizing planning activities across multiple timelines, aligning monthly, quarterly, and annual planning cycles. It uses a framework designed to address discrepancies arising from separate starting points and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Executive Information Systems
An executive information system (EIS), also known as an executive support system (ESS), is a type of management support system that facilitates and supports senior executive information and decision-making needs. It provides easy access to internal and external information relevant to organizational goals. It is commonly considered a specialized form of decision support system (DSS).Power, D. J., Decision Support Systems: Concepts and Resources for Managers, Greenwood/Quorum, 2002. EIS emphasizes graphical displays and easy-to-use user interfaces. They offer strong reporting and drill-down capabilities. In general, EIS are enterprise-wide DSS that help top-level executives analyze, compare, and highlight trends in important variables so that they can monitor performance and identify opportunities and problems. EIS and data warehousing technologies are converging in the marketplace. The term EIS lost popularity in favor of business intelligence (with the sub areas of reporting, ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Electronic Performance Support Systems
An electronic performance support system (EPSS) is any computer software program or component that improves user performance. EPSSs can help an organization to reduce the cost of training staff while increasing productivity and performance. They can empower employees to perform tasks with a minimum amount of external intervention or training. By using this type of system an employee, especially a new employee, will often not only be able to complete his or her work more quickly and accurately, but, as a secondary benefit, will also learn more about the job and the employer's business. An EPSS is best considered when *workers require knowledge to achieve individual performance in a business environment *skilled performers are spending a lot of time helping less skilled performers *new workers must begin to perform immediately and training is impractical, unavailable or constrained *employees need to be guided through a complex process or task that cannot be memorized. These situat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Data Visualization
Data and information visualization (data viz/vis or info viz/vis) is the practice of designing and creating Graphics, graphic or visual Representation (arts), representations of a large amount of complex quantitative and qualitative data and information with the help of static, dynamic or interactive visual items. Typically based on data and information collected from a certain domain of expertise, these visualizations are intended for a broader audience to help them visually explore and discover, quickly understand, interpret and gain important insights into otherwise difficult-to-identify structures, relationships, correlations, local and global patterns, trends, variations, constancy, clusters, outliers and unusual groupings within data (''exploratory visualization''). When intended for the general public (mass communication) to convey a concise version of known, specific information in a clear and engaging manner (''presentational'' or ''explanatory visualization''), it is t ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Behavioral Systems Analysis
Behavioral systems analysis (BSA), or performance systems analysis, applies behavior analysis and systems analysis to human performance in organizations. BSA is directly related to performance management and organizational behavior management. Description Behavioral systems analysis is an approach to organizational design and management. It is based on the premise that organizations are complex systems. As such, changes in one aspect of performance in an organization necessarily affects performance in another parts of an organization. A primary goal of BSA is to create a balanced applications in which areas of poor performance are improved, areas of high performance are maintained, and employee performance outcomes are directed towards organizational goals. This is done through the careful use of behavioral and systems theories, and the application of research based principles of behavior, such as reinforcement, punishment, stimulus control, discrimination and generalization A ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Business Intelligence
Business intelligence (BI) consists of strategies, methodologies, and technologies used by enterprises for data analysis and management of business information. Common functions of BI technologies include Financial reporting, reporting, online analytical processing, analytics, Dashboard (business), dashboard development, data mining, process mining, complex event processing, business performance management, benchmarking, text mining, Predictive Analysis, predictive analytics, and prescriptive analytics. BI tools can handle large amounts of structured and sometimes unstructured data to help organizations identify, develop, and otherwise create new strategic business opportunities. They aim to allow for the easy interpretation of these big data. Identifying new opportunities and implementing an effective strategy based on insights is assumed to potentially provide businesses with a competitive market advantage and long-term stability, and help them take strategic decisions. Busine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Organizational Effectiveness
Organizational effectiveness is a concept used to gauge how Effectiveness, effective organizations are at reaching intended outcome (probability), outcomes. Organizational effectiveness can be used to evaluate and improve organizational active criticalities, even though it means various things to different individuals. There are other alternative methods for measuring organizational performance. Organizational effectiveness embodies the degree to which firms achieve the goals they have decided upon, a question that draws on several different factors. Among those are talent management, leadership development, organization design and structure, design of measurements and scorecards, implementation of change and transformation, deploying smart processes and smart technology to manage the firm's human capital, and the formulation of the broader Human Resources agenda. Economic Models of Organizational Effectiveness In economics, organizational effectiveness is measured by profitabil ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Economic Value
In economics, economic value is a measure of the benefit provided by a goods, good or service (economics), service to an Agent (economics), economic agent, and value for money represents an assessment of whether financial or other resources are being used effectively in order to secure such benefit. Economic value is generally measured through units of currency, and the interpretation is therefore "what is the maximum amount of money a person is willing and able to pay for a good or service?” Value for money is often expressed in comparative terms, such as "better", or "best value for money", but may also be expressed in absolute terms, such as where a deal does, or does not, offer value for money. Among the competing schools of economic theory there are differing Theory of value (economics), theories of value. Economic value is ''not'' the same as Price, market price, nor is economic value the same thing as market value. If a consumer is willing to buy a good, it implies tha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
