Determining Your Company’s Key Performance Indicators
The identification of KPI’s begins with defining the organization’s strategy. One of the most effective frameworks used in strategic planning is called Objective and Key Results (OKR).
5 Questions To Ask Before Doing a Project Post-Mortem Analysis
Your firm just completed a multi-million dollar Enterprise Resource Planning (ERP) project to consolidate the information system resources of two business entities. The project is seven months late with cost overruns of $800,000. Fingers are pointing everywhere as to who is to blame for the delay and extra costs. Management would now like to…
Predictive Analytics: Promise, Profit & Peril
“People … operate with beliefs and biases. To the extent you can eliminate both and replace them with data, you gain a clear advantage.” Michael Lewis Moneyball: The Art of Winning an Unfair Game Analytics married to Big Data these days must appear to many CEOs as a corporate fountain of youth, capable of shedding…
FP&A Professionals: Build a Financial Forecast Like A Boss
Serious boss looking at camera with his two employees sitting near by. I sometimes envy my former classmates that went into equity analysis. When they build financial forecasting models it may be used by buy-side analysts as best guesses of what a company’s sales or earnings may be next quarter or next year but…