By Stephen S Bonham
Indicates pros easy methods to combine functionality, method, portfolio, venture, and danger administration so their businesses can reply extra swiftly and successfully in a hugely aggressive atmosphere. This quantity explains how strategy portfolio administration builds a company knowledgebase that controls approaches.
Read or Download Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management PDF
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Extra info for Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management
These are all risks that can affect the smooth flow of processes in a company and the most common types of operational risk that would percolate up through a performance management system. They are also the types of risks a typical operational risk manager will monitor. Recently, with the passage of various regulatory acts, this process-centric focus by operational risk analysts has been a priority. For example, swarms of SarbOx/SOX consultants have invaded companies to identify and then mitigate such operational risks as uninsured front-loader operators, faulty inventory control software, and poor performance review templates.
The final task in organizational development is managing the corporate culture. If this is delayed too long, a company’s culture will diverge from its initial goals, values, and mission. The culture will instead converge around the actions of the executives and management. The greater the difference between what executives dictate and what executives do, the greater the risk of corporate misalignment with strategy. To minimize this divergence, thus better influence its cultural development, a company should evaluate, early and often, how its staff is managed.
Also, activity metrics provide information on corporate dynamics. 7 show the origins of data that feed activity metrics, and feed 6 shows how data from risk management (another monitoring activity) can compliment performance metrics. The dotted arrows illustrate how project and process risks can indirectly feed the performance management system. 1. Metrics fed by processes: When it is desirable to track an activity, accurate quantitative analysis is easier to establish for those activities that are fairly consistent, such as business processes.
Actionable Strategies Through Integrated Performance, Process, Project, and Risk Management by Stephen S Bonham