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The second step of performance management is to plan how to close the performance gap. Analysis has identified gaps between current and optimal performance. Managers must now identify opportunities for improvement, develop initiatives to close the gap, and forecast the impact on performance.

 

Performance Chain's™ robust analysis models provide a wealth of performance information about the effects of past initiatives. This information is invaluable for evaluating prospective actions. Performance Chain™ helps managers make reasonable and consistent assumptions about future performance, and translates those assumptions into remarkably accurate forecasts.

 

Performance Chain™ ensures effective goals and targets

 

·         Forecasts always start with the current level and trend

·         Provides historic context for forecast

·         Assumptions are easily reviewed and compared to historic ranges and rates of change

·         Changes from normal (past) behavior require justification

 

Performance Chain™ ensures forecasts are accurate

 

·         Incorporates managers’ expectations of future

·         Systematic factors are calculated by model, so there is no guessing or estimating by managers

·         There is no typing or calculating, so there is less (mechanical) error

 

Performance Chain™ makes forecasting fast and easy

 

·         All planning is done using our graphical interface; forecasts are made using controls, not typing

·         Automatic default forecast based on current trends and relationships

·         Simplifies what needs to be forecast – forecasting is as simple as positioning a line on chart

·         Related time series are automatically forecast

 

You will not find a simpler way to forecast. You will not find better forecasts. Performance Chain™ gives your managers the control they need to plan their performance - building consensus, support, and accountability for your strategies.

 

 

3Analyze        Perform4

 

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