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Predictive Performance Measurements

Going beyond red-yellow-green scorecards

Forrest Breyfogle—New Paradigms
Wed, 09/23/2009 - 05:00
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A previous article of mine in this newsletter, “NOT Transforming the Data Can Be Fatal to Your Analysis,” addressed the need for appropriate transformations and a predictive performance measurement system.

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The statistical business performance charting (SBPC) methodology that was described in the article can, for example, reduce firefighting when the performance measurement system replaces organizational red-yellow-green scorecards, which often have no structured plan for making goal-setting improvement objectives.

This article describes how organizations can benefit from a SBPC scorecard or dashboard system, which can guide them to the most appropriate performance measurement system actions or nonactions in manufacturing and transactional processes.

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