How are data and information currently being used throughout your enterprise to
- manage risk?
- inform decision-making … getting the right information, at the right time, in actionable format?
- improve all aspects of the business — using business analytics, Six Sigma, …?
The best entrée to adopting the performance measurement system is to find out the answers to these questions. And this is not a major undertaking: it can be accomplished in days not weeks, and by just a small team of two people, with only modest demands on management time.
The outcome of the assessment process will be a list of prioritized improvement strategies and action plans, developed with the leadership, that form the basis for getting started.
(See Chapter 11 of Analytics for Leaders.)