Planning within dashboards
Planning - being somehow a thought or creation process - is usually gathered as solely managers' role,
which software have nothing in common with. In fact, planning and budgeting
processes might also be supported with dashboards. The thing is if the
manager could use their benefits properly and efficiently.
- Some people used to state that future is the only thing that matters. In fact, for
business management, past is also important. Knowing former results
and data, we might predict future more efficiently, knowing - for instance
- how each action influences on the market. Thank to dashboards, managers
might quickly dive into past figures, so that they could see them, analyze,
and compare with current results.
- Most dashboards
allow their users to prepare deeper analysis. With improved insight
to financial data and budgets, managers can prepare better forecasts.
Nonetheless, as dashboards are directly connected with sources of data
about past and presence, even the least change in each of them results
in changes in forecasts. With efficient dashboard it's all a matter
of a few seconds, though.
- For planning,
monitoring of actual position is crucial to react on changing market
demands. Thereupon, with dashboards all units of a company - and their
strategy - might be incessantly monitored. Moreover, with dashboards
manager get a possibility to influence on each unit's strategy.
- Today's management's
main goal is ubiquitous cost reduction, even though investments also
are important. Dashboards help with monitoring the allocation of resources,
so that managers might accurately rate each program's or project's value.
Efficient and successful planning
never is easy, therefore managers are more and more likely to use every
tool to support them. Nonetheless, it still must be remembered that
decisions' efficiency depends on plenty of factors, which manager -
never a tool - is most meaningful of. With well-prepared dashboard it
is significantly easier and faster to value plans and strategy as a
whole.