This training program will guide attendees in viewing enterprise and corporate performance management (EPM/CPM) as the seamless integration of managerial methods rather than as a process. The course will also offer insight into identifying and differentiating strategic KPIs in a balanced scorecard and operational performance indicators (PIs) in dashboards.
Each method should be embedded with business analytics of all flavors, such as correlation, segmentation and regression analysis, and especially predictive analytics as a bridge to prescriptive analytics to yield the best (ideally optimal) decisions. This presentation will describe how to complete the full vision of analytics-based enterprise performance management.
Why Should You Attend:
Many organizations are far from where they want and need to be with improving performance, and they apply intuition, rather than hard data, when making decisions. Enterprise performance management (EPM) is now viewed as the seamless integration of managerial methods such as strategy execution with a strategy map and its companion balanced scorecard (KPIs) and operational dashboards (PIs); enterprise risk management (ERM); driver-based budgets and rolling financial forecasts; product/service/channel/customer profitability analysis (using activity-based costing [ABC] principles); customer lifetime value (CLV); lean and Six Sigma quality management for operational improvement; and resource capacity planning.Each method should be embedded with business analytics of all flavors, such as correlation, segmentation and regression analysis, and especially predictive analytics as a bridge to prescriptive analytics to yield the best (ideally optimal) decisions. This presentation will describe how to complete the full vision of analytics-based enterprise performance management.
Learning Objectives:
- How to view enterprise and corporate performance management (EPM/CPM) as the seamless integration of managerial methods.
- Understand how business analytics is an advance over business intelligence and where big data fits in.
- How to identify and differentiate strategic KPIs in a balanced scorecard and operational performance indicators (PIs) in dashboards.
- How to properly calculate product, service-line, channel, and customer profitability for analysis, insights and actions.
- How to perform predictive accounting for driver-based budgets/rolling financial forecasts, what-if analysis, and outsourcing decisions.
- How to overcome implementation barriers such as behavioral resistance to change and fear of being held accountable.
Areas Covered in the Webinar:
- Clarification of what enterprise and corporate performance management (EPM/CPM) methods are (in which analytics are applied).
- Definition of business analytics and how it is an advance over business intelligence (BI).
- Measurement and management of product, channel, and customer profitability using activity-based costing (ABC) principles.
- Driver-based budgeting and rolling financial forecasts.
- The difference between past period full absorption costing and incremental/marginal expense analysis.
- How all of the EPM/CPM methods fit together as being integrated.
- Barriers that are slowing the adoption rate of EPM/CPM methods.
Who Will Benefit:
- Board of Directors
- CxOs
- CFOs
- Accountants
- Business Analysts
- Strategic Planners
- Supply Chain Analysts
- Marketing Analysts
Course Provider
Gary Cokins,
