The software scorecard template Enterprise Performance Reporting System (EPRS) provides in its framework, among other things, predictive performance metric analytics that are aligned with the processes that created them.
Predictive Analytics Software Scorecard Template: Description (Issues with Traditional Scorecards)
Traditional scorecards do not, in general, view the enterprise as a system of processes, where Key Performance Indicators (KPIs) of an organization are the result of these processes.
Traditional scorecard reporting can lead to much organizational firefighting, where typical variability of a process might lead to an undesirable situation that “requires immediate attention.”
What is needed is a software scorecard template that reduces firefighting:
Integrated Enterprise Excellence (IEE) scorecards provide a 30,000-foot-level metric reporting methodology. This high-level format for report-outs can transition traditional scorecards to a predictive analytic report-out. This reporting change can transform an organizational firefighting culture to fire prevention.
An example of a scorecard transition is:
Below the above red-yellow-green scorecard is a 30,000-foot-level report consists of three aspects:
- The individuals chart (left graph) assesses from a high-level point of view whether a process is stable or not. The raw data from the above red-yellow-green (r-y-g) chart that was used to create this individuals chart indicates stability at the 30,000-foot-level. The r-y-g chart implied that the many transitions from a red color (bad) to a green color (good) indicated something changed to the better several times, but the individuals chart provides information that this conclusion is false.
- For a stable process, the probability plot can provide predictive analytics about what to expect in the future from the process.
- An easy to understand statement of predictability is provided at the bottom of the chart, for a stable process. NOTE: When a process predictive statement is undesirable, this metric improvement need PULLS for the creation a process improvement undertaking. The transition of a 30,000-foot-level individuals chart to an enhanced level of performance indicates that a successful improvement was made to the process. CLICK HERE to see a demonstration of a 30,000-foot-level individuals chart transition.
Overall a software scorecard template is needed to do more than just report individual numbers. What is needed is an approach to solve the puzzle:
Integrated Enterprise Excellence (IEE) is a Business Management System that puts the pieces together:
IEE is a 9-step system:
The IEE value chain in step 2 provides a structural integration of predictive analytic scorecards with the processes that created them.
An example IEE value chain is:
In an IEE value chain:
- Rectangles represent processes which when “clicked” provides the details. The main functions (rectangles) of an enterprise are connected by arrows. Support functions are not.
- Oblong icons represent functional metrics relative to quality, cost, and time. These icons be can clicked to a 30,000-foot-level report.
The software scorecard template Enterprise Performance Reporting System (EPRS) provides clickable automatic updates to an IEE value chain and its 30,000-foot-level metrics.
The IEE system resolves the business management and software scorecard template issues described in a 1-minute video:
The webinar below provides more information about the IEE system and it software scorecard template.
Predictive Analytics Software Scorecard Template: Webinar
Predictive Analytics Software Scorecard Template: Additional Information
Contact Us to set up a time to discuss with Forrest Breyfogle how your organization might gain much from an Integrated Enterprise Excellence (IEE) Business Process Management System and its Enterprise Performance Reporting System (EPRS) software scorecard template.