How To Make Decisions In A Business Performance Management Setting

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I want to become a better decision-maker; how can BI help?

How To Make Decisions In A Business Performance Management Setting

Cognos.com Tip: Decision-making is one of the most important functions an executive or manager is called upon to perform. How does one optimize their decision-making skills? One approach is to employ components of the set of techniques known as business performance management.

Study and analysis has shown that most decisions involve an iterative cycle involving three core questions:

  • How are we doing and where do we stand?
  • Why are we at that state?
  • What else should we be doing?
    Performance Management encompasses systems, methodologies, metrics, processes and software technologies to identify ways to improve overall business performance. These performance management software techniques, commonly associated with business intelligence (BI), enable executives and managers to answer these core questions.
   

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