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Atricle Dump - IT Metrics & The Path to Successful Measurement
Masterful Business People maturing knowledge and support provided by the stakeholders.Mediocrity is all about doing business in a commonplace, unexceptional or unremarkable way. But, to be successful in today’s competitive business environment, business owners must be much more. Masterful business owners know that they must continually look for ways to innovate and expand their offerings, while delivering exceptional service to their current and potential clients. Not only must they be exceptional at what they do, but also must keep up with trends, customer needs, and the changing economic environment in order to stay competitive. So what make Prioritize: Any measurement results should be used as an input for prioritizing the service improvement program portfolio. Just as individual metrics themselves need to be evaluated for value, improvement projects based on measurement findings need to be cost-justified and prioritized based their inherent value to the business. Reporting: The true audience of a measurement program is the business leadership. Measurement results need to be rationalized, rolled-up and reported in a non-technical format, on a consistent basis and to the appropriate business audience in order to add real business value. Keep in mind that mapping a specific metric back to a bus Become Familiar with the Statement of Cash Flows One of the primary reasons measurement programs fail is because measurement is often done for the sake of measurement itself, and not tied to critical business drivers. In order to successfully measure service efficiency and effectiveness, IT organizations must ensure measurement activities are value-based.Many people are familiar with two important financial statements, the Profit and Loss and the Balance Sheet. Fewer of them recognize the Statement of Cash Flows (also referred to as the Sources and Uses Statement). Additionally, while the physical layout of the statement has many variations, the general content is constant. It will be reviewed here. We will also discuss what makes up the statement, what it is used for and some limits.The Statement of Cash Flows looks at three different cash activities: the operating, investing and financing activities. Achieving value-based measurement and continuous improvement of technology services requires an IT organization to implement activities based on what they want to accomplish, not on what they want to measure. As understood and promoted by the ITIL framework and ITSM in general, the primary accomplishment of IT should be the effective alignment of services with the current and future needs of the business and its customers. Therefore, from the standpoint of value and accomplishment, following are some key attributes that should be considered during the plan-do-check-act lifecycle of IT metrics management: Vision: The future state of any measurement program should be clearly outlined, specifically identifying the people, processes and technologies that are required to support the future state vision. Assess: Evaluate the current state of any existing measurement system and understand how best-in-class organizations implement these systems. Activities that are not value-based should be stopped immediately. Staffing: IT measurement is primarily built around people with clear roles and responsibilities to ensure accountability and efficiency. Obtaining formal commitment from senior management on support staff is critical to the success of any measurement program. Documentation: Measurement goals, objectives, milestones and underlying activities should be formalized to ensure sponsorship and continuity. Just like the core IT service support and delivery processes, the IT measurement process should also be captured and documented. Communication: Communication is required for measurement sustainability and ensures the entire organization understands and supports the program. More specifically, it is important to identify and maintain communication with those individuals that create value through use of the resultant performance measures. Consistency: The core building blocks of measurement should be established with consistency in order to minimize measurement costs. Specific metrics should be developed, captured, measured, reported and reviewed in a consistent fashion, supported by standard procedures, processes and policies. Control: With the advent of IT governance, Sarbanes-Oxley and other legislative requirements, metrics and measurement should be monitored for completeness, accuracy, validity and appropriate authorization prior to commencement of any related activities. Prototype: A prototype or “proof-of-concept” measurement project may be a key activity in demonstrating value to the business. In turn, measurement activities can be bootstrapped and evolve with the maturing knowledge and support provided by the stakeholders. Prioritize: Any measurement results should be used as an input for prioritizing the service improvement program portfolio. Just as individual metrics themselves need to be evaluated for value, improvement projects based on measurement findings need to be cost-justified and prioritized based their inherent value to the business. Reporting: The true audience of a measurement program is the business leadership. Measurement results need to be rationalized, rolled-up and reported in a non-technical format, on a consistent basis and to the appropriate business audience in order to add real business value. Keep in mind that mapping a specific metric back to a busi Helpful Hiring Hints from the standpoint of value and accomplishment, following are some key attributes that should be considered during the plan-do-check-act lifecycle of IT metrics management:At a recent industry meeting, one of the speakers focused on Human Resource Issues. One area of particular interest to everyone there had to do with Hiring. Virtually everyone in attendance had made a bad hiring decision at one time or another and fully knew the high cost of a bad hire. The speaker advised that it had been his experience that most executives spend too little time preparing for interviews with perspective employees. He went on to say that most executives utilize the same questions for every interview, regardless of the position. He believes that t Vision: The future state of any measurement program should be clearly outlined, specifically identifying the people, processes and technologies that are required to support the future state vision. Assess: Evaluate the current state of any existing measurement system and understand how best-in-class organizations implement these systems. Activities that are not value-based should be stopped immediately. Staffing: IT measurement is primarily built around people with clear roles and responsibilities to ensure accountability and efficiency. Obtaining formal commitment from senior management on support staff is critical to the success of any measurement program. Documentation: Measurement goals, objectives, milestones and underlying activities should be formalized to ensure sponsorship and continuity. Just like the core IT service support and delivery processes, the IT measurement process should also be captured and documented. Communication: Communication is required for measurement sustainability and ensures the entire organization understands and supports the program. More specifically, it is important to identify and maintain communication with those individuals that create value through use of the resultant performance measures. Consistency: The core building blocks of measurement should be established with consistency in order to minimize measurement costs. Specific metrics should be developed, captured, measured, reported and reviewed in a consistent fashion, supported by standard procedures, processes and policies. Control: With the advent of IT governance, Sarbanes-Oxley and other legislative requirements, metrics and measurement should be monitored for completeness, accuracy, validity and appropriate authorization prior to commencement of any related activities. Prototype: A prototype or “proof-of-concept” measurement project may be a key activity in demonstrating value to the business. In turn, measurement activities can be bootstrapped and evolve with the maturing knowledge and support provided by the stakeholders. Prioritize: Any measurement results should be used as an input for prioritizing the service improvement program portfolio. Just as individual metrics themselves need to be evaluated for value, improvement projects based on measurement findings need to be cost-justified and prioritized based their inherent value to the business. Reporting: The true audience of a measurement program is the business leadership. Measurement results need to be rationalized, rolled-up and reported in a non-technical format, on a consistent basis and to the appropriate business audience in order to add real business value. Keep in mind that mapping a specific metric back to a bus Perfect Lives btaining formal commitment from senior management on support staff is critical to the success of any measurement program.We quest to shape our perfect lives. The right job, the right clothes, the right weight, the right car.Then nature intervenes. An earthquake can crush that car completely. Floods and tornadoes slash through communities turning houses upside down. How important are the right clothes then?Your close friend discovers he has a serious medical condition. A close family member struggles with divorce. How important is the right car now?What does this have to do with you anyway, and why am I writing about it here?Sometimes perspective is a goo Documentation: Measurement goals, objectives, milestones and underlying activities should be formalized to ensure sponsorship and continuity. Just like the core IT service support and delivery processes, the IT measurement process should also be captured and documented. Communication: Communication is required for measurement sustainability and ensures the entire organization understands and supports the program. More specifically, it is important to identify and maintain communication with those individuals that create value through use of the resultant performance measures. Consistency: The core building blocks of measurement should be established with consistency in order to minimize measurement costs. Specific metrics should be developed, captured, measured, reported and reviewed in a consistent fashion, supported by standard procedures, processes and policies. Control: With the advent of IT governance, Sarbanes-Oxley and other legislative requirements, metrics and measurement should be monitored for completeness, accuracy, validity and appropriate authorization prior to commencement of any related activities. Prototype: A prototype or “proof-of-concept” measurement project may be a key activity in demonstrating value to the business. In turn, measurement activities can be bootstrapped and evolve with the maturing knowledge and support provided by the stakeholders. Prioritize: Any measurement results should be used as an input for prioritizing the service improvement program portfolio. Just as individual metrics themselves need to be evaluated for value, improvement projects based on measurement findings need to be cost-justified and prioritized based their inherent value to the business. Reporting: The true audience of a measurement program is the business leadership. Measurement results need to be rationalized, rolled-up and reported in a non-technical format, on a consistent basis and to the appropriate business audience in order to add real business value. Keep in mind that mapping a specific metric back to a bus Branding Junk Removal - He Did It, Can You? he core building blocks of measurement should be established with consistency in order to minimize measurement costs. Specific metrics should be developed, captured, measured, reported and reviewed in a consistent fashion, supported by standard procedures, processes and policies.What does it mean to be remarkable?Brian Scudamore, CEO and Founder of 1-800-GOT-JUNK?, who in 1996 was operating the million dollar plus company at the age of 26, said it means, “You’ve got to get out there and be loud and proud... You’ve got to stand out. You have got to have a brand that is worth remarking about.”He learned much about this type of philosophy from the book Purple Cow, written by one of his mentors, Seth Godin.It’s kind of like Sir Richard Branson’s recent flying superhero-saving nurses publicity stunt to launch Virgin Mobil Control: With the advent of IT governance, Sarbanes-Oxley and other legislative requirements, metrics and measurement should be monitored for completeness, accuracy, validity and appropriate authorization prior to commencement of any related activities. Prototype: A prototype or “proof-of-concept” measurement project may be a key activity in demonstrating value to the business. In turn, measurement activities can be bootstrapped and evolve with the maturing knowledge and support provided by the stakeholders. Prioritize: Any measurement results should be used as an input for prioritizing the service improvement program portfolio. Just as individual metrics themselves need to be evaluated for value, improvement projects based on measurement findings need to be cost-justified and prioritized based their inherent value to the business. Reporting: The true audience of a measurement program is the business leadership. Measurement results need to be rationalized, rolled-up and reported in a non-technical format, on a consistent basis and to the appropriate business audience in order to add real business value. Keep in mind that mapping a specific metric back to a bus Smog of Information Affecting Newspapers maturing knowledge and support provided by the stakeholders.As more and more people get their news from MSN, Google and Yahoo, less and less are relying on the local newspapers. In this day and age with 200 channels of Satellite Radio, 400 Channels of Satellite TV, instant breaking news by email and online news gathering of search engines the newspaper industry is taking a hit. Some say they are taking it in stride and are a valuable resource for news both local and regionally. Others completely disagree. For instance I currently take about 40 key word news items on Google News Alerts. These are things, which include my p Prioritize: Any measurement results should be used as an input for prioritizing the service improvement program portfolio. Just as individual metrics themselves need to be evaluated for value, improvement projects based on measurement findings need to be cost-justified and prioritized based their inherent value to the business. Reporting: The true audience of a measurement program is the business leadership. Measurement results need to be rationalized, rolled-up and reported in a non-technical format, on a consistent basis and to the appropriate business audience in order to add real business value. Keep in mind that mapping a specific metric back to a business objective does not necessarily validate its value or the effort involved in establishing and maintaining measurement activities. Investment in IT measurement is justified only when IT metrics are established collectively, based on value and drive accomplishment. Bottom Line: In the end, IT measures must have context to have meaning; the appropriate context is derived by deciding which investments in measurement will actually provide business value. Adding value requires taking action and establishing clear goals and expectations, based on value-based measurement attributes. The success of any measurement program will be dictated by how effectively management aligns and leverages the people, processes and technologies that enable the vision.
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