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    Delivering The On Demand Performance Management Solution

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    ElvisPreslii
    The document discusses a survey of CFOs that found they viewed information as most reliably accurate (79%), timely (71%), and consistent (64%). It then discusses how implementing an on-demand performance management framework across the entire organization can help CFOs improve the quality, timeliness, and relevance of information as they take on a more strategic leadership role. Such a framework should have five key attributes: it covers the entire organization, helps align goals and measures across business units, and identifies any conflicting measures between units.

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    Delivering The On Demand Performance Management Solution

    Uploaded by

    ElvisPreslii
    29 views1 page
    The document discusses a survey of CFOs that found they viewed information as most reliably accurate (79%), timely (71%), and consistent (64%). It then discusses how implementing an on-demand performance management framework across the entire organization can help CFOs improve the quality, timeliness, and relevance of information as they take on a more strategic leadership role. Such a framework should have five key attributes: it covers the entire organization, helps align goals and measures across business units, and identifies any conflicting measures between units.

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    IBM Report

    Original Title

    Project 4

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    The document discusses a survey of CFOs that found they viewed information as most reliably accurate (79%), timely (71%), and consistent (64%). It then discusses how implementing an on-demand performance management framework across the entire organization can help CFOs improve the quality, timeliness, and relevance of information as they take on a more strategic leadership role. Such a framework should have five key attributes: it covers the entire organization, helps align goals and measures across business units, and identifies any conflicting measures between units.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    29 views1 page

    Delivering The On Demand Performance Management Solution

    Uploaded by

    ElvisPreslii
    The document discusses a survey of CFOs that found they viewed information as most reliably accurate (79%), timely (71%), and consistent (64%). It then discusses how implementing an on-demand performance management framework across the entire organization can help CFOs improve the quality, timeliness, and relevance of information as they take on a more strategic leadership role. Such a framework should have five key attributes: it covers the entire organization, helps align goals and measures across business units, and identifies any conflicting measures between units.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    of 1

    Figure 7. Percentage of organizations’ view of information adequacy.

    Reliable/Accurate 79

    Timely 71

    Consistent 64

    Highly relevant 53

    Accessible 48

    Tailored/Customized 36

    Cost-effective 35

    Easy to use 33

    Integrated 32

    0 10 20 30 40 50 60 70 80

    Source: IBM Business Consulting Services 2003 Global CFO Survey.

    Delivering the on demand performance management solution


    Clearly, providing more “relevant” and “action-oriented” information is a pivotal
    issue for CFOs as they step up to a more strategic leadership role at the center of
    performance management for the entire organization. One of the keys to improving
    the quality and timeliness of information is to implement a holistic, on demand
    performance management framework that is designed to enhance decision-making
    across the entire value chain and at all levels of the organization. By doing so, CFOs
    provide tremendous tangible value throughout the company. A successful blueprint
    for business performance management has five key attributes:

    1. It is enterprisewide in its scope and its impact.


    As noted earlier, the CFO has long had responsibility for centrally organizing and
    managing financial information and providing a consolidated view on the financial
    “health” of the entire corporation. So, just as these consolidated financial reports
    include the results for the company, performance management must embrace
    and help align the entire organization or it cannot adequately affect overall
    business results.
    Business performance management can be instrumental in assisting Executives
    align the goals and related measures of the individual business units and
    functions with the strategies of the organization. Further, it also helps identify and
    rationalize measures that may actually conflict across business units.

    7 CFOs: Rising to the challenge of performance management IBM Business Consulting Services

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