The purpose of analysis is to help understand the fundamental issues concerning competitive advatage, customer needs, organisational capabilities, basis of competition and the analytic techniques such as frameworks identify, classify and clarify the principal factors.
Assessments is a way to evaluate an organisation’s successful execution of processes and standards. For OPM3 the tools to assess organisational project management maturity include the self-assessment method and a comprehensive assessment. (Organisational Project Management Maturity Model – OPM3, 2008)
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Business Analytics involves decision-making based on historical but also use current data to leverage analysis and model outcomes to make predictions that inform business decisions with predictive intelligence.
Business analytics also involve risk measurement to identify risk events and measure the business performance against the defined risk thresholds to predict, prepare, and deploy proactive intervention strategies.
Business Analytics further involves business process analytics & optimization to improve productivity and process efficiency through an analytical environment where relevant, actionable, accurate, and timely information is available. In order to solve problems faster and make intelligent decisions more quickly, analytics should be embedded into the key areas of operations.
Performance management involve detailed analytical modelling activities that focus on the operational performance, sophisticated cost, and profit planning analysis.
The business analysis provides decision-makers with a business-wide visibility into multiple scenarios and forecasts in formats that decision makers can use to optimize performance.
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1] IBM Business Analytics
http://www-142.ibm.com/software/products/gb/en/category/SWQ00?lnk=mprSO-buan-uken
Business analytics helps your organization recognize subtle trends and patterns so you can anticipate and shape events and improve outcomes. Not only can you drive more top-line growth and control costs, you can also identify risks that could derail your plans – and take timely corrective action.
IBM business analytics software uniquely enables your organization to apply analytics to decision-making, anytime, anywhere. You can:
Business Analytics Capabilities
Harness the data explosion, meet your organization’s needs for flexible business intelligence deployment options and satisfy user expectations with powerfully simple analytics you can’t outgrow.
Financial performance and strategy management
Guide management strategy in the most profitable directions with timely, reliable insights, scenario modeling and transparent and timely reporting.
Predictive and advanced analytics
Discover subtle patterns and associations and develop and deploy predictive models to optimize decision-making.
Governance, risk and compliance
Gain deep insight into all aspects of risk management, including governance, risk and compliance, with an integrated solution that adapts to your organization’s unique risk profile and methodologies.
Provide line-of-business managers with actionable insights through packaged analysis and reporting solutions.
All products – Analytic applications
Cognos Analytic Applications
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2] Tbc
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work in progress
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Business Intelligence from IBM
http://www-142.ibm.com/software/products/gb/en/subcategory/SWQ20
Make better business decisions faster with IBM solutions that take business intelligence to a whole new level. IBM innovations in business intelligence are designed to enable more people with broader analytics capabilities so that everyone has the relevant information needed to drive your business forward.
With business intelligence software from IBM, you can:
Equip users with what they need to explore information freely, analyze key facts, collaborate to gain alignment with key stakeholders and make decisions with confidence for better business outcomes.
Business Intelligence capabilities
Use comprehensive reports to make smarter decisions.
Drive better, smarter business decisions with “what-if” analysis, modeling and more.
Successfully link strategy to operations with scorecard capabilities.
Monitor, measure and manage corporate performance at a glance with dashboards.
Experience insight wherever you are, at the office or on the road.
Support key organizational decisions with facts and statistics.
Collaborative business intelligence
Fuel the exchange of ideas and knowledge
Plan and forecast effectively
Stay on top of business operations
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See also; CRM
See also; ERP
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Operational Management; The ongoing organisational activities associated with supporting functional elements, as opposed to project elements. Operational management also includes support products that the organisation has created through project activity. (The Standard for Programme Management, 2008). The activities, decisions and responsibilities of managing the production and delivery of products and services. (Slack et al, 2007)
Operational Efficiency; Helps improve supply chain performance. (Slack et al, 2007)
Importance-Performance Matrix; A technique that brings together scores that indicate the relative importance and relative performance of different competitive factors in order to prioritise them as candidates for improvement. (Slack et al, 2007)
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Business Analytics Blogs
work in progress
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See Also Blog; Business Strategy
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