Deltek Performance Management
Deltek
Overview
Business Performance Management (BPM) is a process that enables organizations to strengthen the alignment of strategic goals with day-to-day operations using key performance indicators (KPIs) across business functions. BPM, also referred to as Corporate Performance Management (CPM), streamlines an organization’s information to facilitate effective and focused decision-making. BPM creates a “single version of the truth” by standardizing how information is collected and presented.
Many companies have several different versions of the same metrics. Data can be contained in multiple sources including spreadsheets and other informal systems. By enforcing the “single version of the truth,” BPM creates a unified source for data and common metrics for tracking performance and improved planning. Accurately measuring project performance and surrounding metrics is extremely important. Maximizing measures such as staff utilization and individual project performance are key drivers of bottom line results.
Benefits
Business scorecarding:
- Using this framework, companies can monitor KPIs for business activity and analyze key metrics such as financial information, customer satisfaction, and operational effectiveness.
- All levels of business, from executives to knowledge workers, can translate business strategy into specific, discernable, day-to-day tasks, linking strategy to action.
- By linking core functions of the management cycle - planning, monitoring, and reporting - a closed-loop, coordinated approach to managing performance is enabled.
Planning and Budgeting Process:
- By automating planning and budgeting processes to incorporate key business drivers/targets and goal setting, business plans are less static and can respond to changing environments.
- A best practice is to continuously plan beyond an annual budget - significant focus is placed on evaluating historical information, while looking to the future – so changes made now can have an impact.
- Flexibility enables organizations to be responsive to change, making plans accurate and effective.
Resource planning:
- By incorporating an effective project labor forecasting process and tracking key metrics, staffing needs can be anticipated and the right staff hired at the right time.
- Proper resource planning has an impact on project performance, which increases client satisfaction.
Government contractors:
- Forecasting of indirect rates for forward pricing requires the forecasting of direct costs for both prospective and actual projects as well as indirect expenses.
Features
- Users gain benefit through integration with Deltek products as well as standard offerings of pre-built reports, cubes, planning models, and more.
- Product integration is maintained through all upgrades of Cognos and Deltek products.
- Information gleaned through standard reports in an analytical environment gives end users more flexibility in determining how, what, and when information is delivered.
- Dashboards allow “real time” performance tracking focused on KPIs and alert notifications.
- Business scorecards incorporate monitoring and summarizing goals and metrics for executives to track the data vital to running their organizations.
- Measurement of the right metrics that derive value will result in accurate calculations and visibility into what is and is not succeeding and why.
Architecture
Major components of the standard bundle:
- Planning and Budgeting — Enterprise Planner provides power and flexibility for planning across the enterprise.
- Reporting — IBM Cognos Impromptu and IBM Cognos ReportNet deliver managed reporting via the Web.
- Analysis — IBM Cognos PowerPlay discovers the factors driving business performance through data analysis.
- Scorecarding — IBM Cognos Metrics Manager creates, manages, and delivers key performance indicators.
- Datamarts — Provides a foundation for BPM tools by using centralized data retrieval and access.
Availability
For more details, visit our Website: www.deltek.com.
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