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Managing Business Better by Predicting Performance (MFGO40K)

Presented by: Forrest W. Breyfogle III
(*) Single User Price. For multiple users please call 1-844-384-4744
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60 minutes

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Event Description
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Create Performance Metric Report-Outs That Provide Predictive Statements

Many organizations report performance metrics through a myriad of measures, from tables and pie charts to red-yellow-green scorecards and time series diagrams. However, traditional measurements and process improvement efforts often fail. What can be done about this? It is possible for business to be managed better by predicting performance so that profits flourish.

Quality practitioners and organizations benefit when they demonstrate to executive management the benefits that they provide to the big picture. One way of helping leadership is through addressing issues that are most important to them. This presentation by Forrest Breyfogle will describe how those in the quality profession can help executives address the following challenges, which they often experience:

  • Executive management receives a monthly 60+ slide PowerPoint deck or a huge excel file, which nets out the status of the organization’s performance metrics. This report, which took much preparation resource, has out-dated information, can be difficult to interpret, and does not present information in an actionable format. Data are only historic and not presented in a timely fashion with prediction statements. Management would benefit if it had  reporting that it could access at any point in time in order to have a high-level view to successfully “thin slice” its decision making process.
  • Quarterly executive management reviews (EMR) are lengthy and questionable in value.  EMRs consume much resource for both executives and presenters. Presentations could highlight the status of corrective and preventive actions (CAPAs), but an alignment with business performance metrics is often lacking.
  • Resources are wasted in fighting fires, and the benefits of process improvement efforts seem questionable. Issues of the day that are supposedly resolved only reoccur.  Also, 100 million dollars in savings may have been reported from process improvement efforts, but nobody can find the money.
  • The organization is operating in silos where little regard is given to the big picture. Performance goals are set by function; however, what is right for one function might not be the best for another function and/or the business as a whole.

Benefits of the session

  • Learn why and how traditional measurements often fail, leading to inconsistent and erroneous decisions that result in wasted efforts
  • Understand how to determine if a process has regions of stability and how to report-out this information
  • Create performance metric report-outs that provide predictive statements, when appropriate
  • Describe how to communicate business predictive value-chain metrics throughout the business
  • Know when a transformation is necessary for a process stability assessment and predictive statement

Who should attend

  • Executive management, Business professionals, Quality practitioners from any industry
About Our Speaker(s)

Forrest W. Breyfogle III | Quality Management SpeakerForrest W. Breyfogle III
In a professional career spanning over a quarter century, Forrest W. Breyfogle III has established himself as a leading edge thinker, a prolific author, an innovative consultant, a world-class educator, and a successful business executive. He has authored or co-authored 14 books. His five-book set, Integrated Enterpris... More info

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    Event Title: Managing Business Better by Predicting Performance
    Presenter(s): Forrest W. Breyfogle III

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