RESEARCH & RESOURCES

September 30, 2016: Analytics-based Enterprise Performance Management

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ATTENTION ALL BI/DW AND ANALYTICS PROFESSIONALS
Dear TDWI Carolinas BI/DW and Analytics Professionals,
We cordially invite you to attend our upcoming TDWI Carolinas Chapter meeting on Friday September 30, 2016. Come meet other local professionals, swap business cards, share ideas, and exchange career advice while listening to quality presentations in a vendor-neutral setting, which is the hallmark of TDWI education. Please see our detailed meeting agenda below.

 

DON'T MISS THIS EVENT! Please RSVP below
Click here to register for the next upcoming event

 

When:

Friday September 30, 2016 8:30 AM – 12:00 PM

Where:

Metlife -Edison room in Met2

 

Met2: 201 MetLife Way, Cary, NC, 27513
GPS: If your device does not recognize the address, key in:
9000 Weston Parkway, Cary, NC 27513
From points East (Raleigh & surrounding areas) : Take I-40 West towards Durham to exit 287 for Harrison Avenue. Turn left onto Harrison, travel 0.5 miles, and turn right onto Weston Parkway. The entrance will be on your right in 1.7 miles.
From points West (RDU Airport/Durham & surrounding areas) : Take I-40 East towards Raleigh to exit 285 for Aviation Parkway. Turn right onto Aviation, travel 1.4 miles, and turn left onto Evans Road. Travel 0.7 miles and turn left onto Weston Parkway. The entrance will be on your left in 0.4 miles.
 

Topic:

Analytics-based Enterprise Performance Management
Description
Many organizations are far from where they want and need to be with improving performance, and they apply intuition, rather than hard data, when making decisions. Enterprise performance management (EPM) is now viewed as the seamless integration of managerial methods such as strategy execution with a strategy map and its companion balanced scorecard (KPIs) and operational dashboards (PIs); enterprise risk management (ERM); driver-based budgets and rolling financial forecasts; product / service / channel / customer profitability analysis (using activity-based costing [ABC] principles); customer lifetime value (CLV); lean and Six Sigma quality management for operational improvement; and resource capacity planning. Each method should be embedded with business analytics of all flavors, such as correlation, segmentation and regression analysis, and especially predictive analytics as a bridge to prescriptive analytics to yield the best (ideally optimal) decisions. This presentation will describe how to complete the full vision of analytics-based enterprise performance management.

This presentation by a leading practitioner and author will cover:

  • How strategy maps and their companion balanced scorecards communicate strategic objectives with target-setting to help cross-functional employee teams align their behavior to the strategy and better collaborate.
  • Why measures of channel and customer profitability and customer value are now superceding profit and service-line measures – and shifting from product to customer-focused organizations including future potential value – customer lifetime value.
  • How activity-based cost management (ABC/M) provides not only accurately traced calculated costs (relative to arbitrary broad-averaged cost allocations), but more importantly provides cost transparency back to the work processes and consumed resources, and to what drivers cause work activities.
  • Reforming the broken annual budgeting process with performance based budgeting that links strategy to operations and is process volume sensitive rather than simply incremental at each cost center.
  • How EPM/CPM also applies to public sector government to understand their “output costs” and better serve citizens.
  • Why business analytics, with emphasis on predictive analytics and pro-active decision making, is becoming a competitive advantage differentiator and an enabler for trade-off analysis.
  • How all levels of management can quickly see and assess how they are doing on what is important – typically with only a maximum of three key performance indicators (KPIs).
  • How to integrate performance measurement scorecards and ABC/M data with:
    • Strategy formulation.
    • Process-based thinking and operational productivity improvement.
    • Channel/customer profitability and value analysis and CRM.
    • Supply chain management.
    • Quality and lean management (Six Sigma, cost of quality).

 

Agenda:

8:30 AM – 9:00 AM

Networking and Registration

9:00 AM – 9:05 AM

Introductions and Chapter Business

9:05 AM – 11:55 AM

Gary Cokins, Author of  Performance Management: Integrating Strategy Execution, Methodologies, Risk, and Analytics  & Consultant

 

Analytics-based Enterprise Performance Management

11:55 AM – 11:00 AM

Q&A and Wrap-up

DON'T MISS THIS EVENT! Please RSVP below
Click here to register for the next upcoming event

 

Space is limited so sign up early!

For more information about TDWI Membership, contact chapters@tdwi.org.
To contact a Chapter officer, click on name of the officer located on the top right hand column of this page.

Bios of Presenters

Gary Cokins is an internationally recognized expert, speaker, and author in advanced cost management and performance improvement systems. He is the founder of Analytics-Based Performance Management, an advisory firm located in Cary, North Carolina at www.garycokins.com . Gary received a BS degree with honors in Industrial Engineering/Operations Research from Cornell University in 1971. He received his MBA from Northwestern University’s Kellogg School of Management in 1974.

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