Making business decisions using trend information

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Description

Performance Measures, and the trend information that results from their analyses, can help managers in their decision making process. The business decisions that are to be discussed are: Assignment of limited Resources, Funding, Budget; Contractor Rewards/Incentives; Where to focus Process Improvement, Reengineering efforts; When to ask ``What Happened?!!``; Determine if a previous decision was effectively implemented. Trending can provide an input for rational Business Decisions. Key Element is determination of whether or not a significant trend exists - segregating Common Cause from Special Cause. The Control Chart is the tool for accomplishment of trending and determining if you are meeting ... continued below

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23 p.

Creation Information

Prevette, S. S. November 24, 1997.

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This article is part of the collection entitled: Office of Scientific & Technical Information Technical Reports and was provided by UNT Libraries Government Documents Department to Digital Library, a digital repository hosted by the UNT Libraries. More information about this article can be viewed below.

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  • Westinghouse Hanford Company
    Publisher Info: Westinghouse Hanford Co., Richland, WA (United States)
    Place of Publication: Richland, Washington

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Description

Performance Measures, and the trend information that results from their analyses, can help managers in their decision making process. The business decisions that are to be discussed are: Assignment of limited Resources, Funding, Budget; Contractor Rewards/Incentives; Where to focus Process Improvement, Reengineering efforts; When to ask ``What Happened?!!``; Determine if a previous decision was effectively implemented. Trending can provide an input for rational Business Decisions. Key Element is determination of whether or not a significant trend exists - segregating Common Cause from Special Cause. The Control Chart is the tool for accomplishment of trending and determining if you are meeting your Business Objectives. Eliminate Numerical Targets; the goal is Significant Improvement. Profound Knowledge requires integrating data results with gut feeling.

Physical Description

23 p.

Notes

OSTI as DE99050360

Source

  • DOE 1997 TRADE conference, Denver, CO (United States), 2 Dec 1997

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  • Other: DE99050360
  • Report No.: HNF--1787-FP
  • Report No.: CONF-971273--
  • Grant Number: AC06-96RL13200
  • Office of Scientific & Technical Information Report Number: 326950
  • Archival Resource Key: ark:/67531/metadc679762

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Office of Scientific & Technical Information Technical Reports

Reports, articles and other documents harvested from the Office of Scientific and Technical Information.

Office of Scientific and Technical Information (OSTI) is the Department of Energy (DOE) office that collects, preserves, and disseminates DOE-sponsored research and development (R&D) results that are the outcomes of R&D projects or other funded activities at DOE labs and facilities nationwide and grantees at universities and other institutions.

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Creation Date

  • November 24, 1997

Added to The UNT Digital Library

  • July 25, 2015, 2:20 a.m.

Description Last Updated

  • June 14, 2016, 6 p.m.

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Prevette, S. S. Making business decisions using trend information, article, November 24, 1997; Richland, Washington. (digital.library.unt.edu/ark:/67531/metadc679762/: accessed June 23, 2018), University of North Texas Libraries, Digital Library, digital.library.unt.edu; crediting UNT Libraries Government Documents Department.