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.

About LifeTips

Now one of the top on-line publishers in the world, LifeTips offers tips to millions of monthly visitors. Our mission mission is to make your life smarter, better, faster and wiser. Expert writers earn dough for what they know. And exclusive sponsors in each niche topic help us make-it-all happen.

Exclusive Sponsor

Ask a Question

Not finding the advice and tips you need on this Business Intelligence Tip Site? Request a Tip Now!

Guru Spotlight

Jolyn Wells-Moran

Ever wonder how you could make your life better and more fun? So have tens of millions of fans who have turned to LifeTips for answers over the past decade. We keep the tips, advice, books, podcasts and writing services flowing, so you can keep your life and business growing in the right direction. Upward!