Performance Management System And Dashboard

• US 20120066030A1
• Filed: 09/09/2010
• Published: 03/15/2012
• Est. Priority Date: 09/09/2010
• Status: Abandoned Application

• Current Assignee: CPS Management Services LLC
• Original Assignee: CPS Management Services LLC
• Inventors: Limpert, Bruce R.
• Application Number:
  US12/878,651
• Publication Number:
  US 20120066030A1
• Time in Patent Office: Days
• US Class Current: 705/7.38
• CPC Class Codes: G06Q 10/0639 Performance analysis of employees; Performance analysis of enterprise or organisation operations

Abstract

A performance management system for straightforward company analytics including trend, peer and industry benchmarking analysis, for performance assessment, measurement and action planning by linking fundamental financial metrics to their business drivers through key performance indicators (KPI'"'"'s).

The performance management system includes a database module, an action library module, and application module, an assessment module, an analysis module, and a reporting module. The database module collects and stores data, while the action library module maintains performance analysis toolkit domains and sub-domains having action items stored in the database module. The application module allows a user to perform multiple related specific tasks through a single general user interface (GUI). The assessment module provides a customized assessment of business performance through a select domain action item. The analysis module provides analytics of an action plan customized from a selected domain action item linked to a metric of an action plan. The reporting module communicating a simple integrated financial snapshot of business performance over a period of time.

Claims

1. A performance management system, comprising:

hardware; and

software tracking performance of entity'"'"'s goals and objectives, assessing the entity'"'"'s financial metrics, non-financial metrics, strengths and weaknesses relative to industry standards, and setting and monitoring custom action plans through a single general user interface (GUI).

2. A performance management system comprising:

a database module collecting and storing data;

an action library module maintaining performance analysis toolkit domains and sub-domains having action items stored in the database module;

an application module allowing a user to perform multiple related specific tasks through a single general user interface (GUI);

an assessment module providing a customized assessment of business performance through a selected domain action item;

an analysis module providing analytics of an action plan customized from the selected domain action item linked to a metric of the action plan; and

a reporting module communicating a simple integrated financial snapshot of business performance over a period of time.

3. The performance management system according to claim 2, wherein the database module provides inbound and outbound data transfer.

4. The performance management system according to claim 2, wherein the action library module assigns domain action items to the metric of the action plan.

5. The performance management system according to claim 4, wherein the metric is selected from one of a financial metric or a non-financial metric.

7. The performance management system according to claim 2, wherein the domain action items are used to assess and track performance outcomes with objectives.

8. The performance management system according to claim 2, wherein the application module comprises code controlling the general user interface and has a set of command buttons to activate code function and links.

9. The performance management system according to claim 2, further comprising a monitoring module providing user ability to monitor the action plan customized from the selected domain action item linked to a metric of the action plan.

10. The performance management system according to claim 2, wherein the analysis module performs trend, peer and industry benchmarking analysis.

6. The performance management system according to claim 6, wherein the non-financial metric is a key performance indicator (KPI).

11. A performance management system, comprising:

an assess component selecting an action plan for a selected entity, the action plan linking a baseline assessment and financial data;

an analyze component running a financial analysis of the selected entity based on input from the asses component; and

an action library component storing and maintaining at least one business analysis or toolkit having at least one action item.

12. The performance management system according to claim 11, further comprising a lookup maintenance component defining master files for available unique/customizable configurations.

13. The performance management system according to claim 12, wherein the lookup maintenance component performs master table maintenance for a database.

14. The performance management system according to claim 11, wherein the baseline assessment includes a selected action item from the action library component.

15. The performance management system according to claim 14, wherein the selected action item is linked to a selected action metric.

16. The performance management system according to claim 15, wherein the action is selected from one of a financial metric or a non-financial metric.

17. The performance management system according to claim 16, wherein the non-financial metric is a key performance indicator (KPI).

18. A performance management system, comprising:

an entity selection component for selecting an entity to analyze;

an assessment builder component for analyzing and assessing business performance of the entity through a select action item associated with a business analysis or toolkit;

a financial data analyzer component for entering financial data associated with the entity;

a data linkage manager component for generating a custom action plan; and

a maintain and monitor action plan component for reviewing and monitoring the custom action plan.

19. The performance management system according to claim 18, wherein the assessment builder component configures the selected entity with associated assessment criteria.

20. The performance management system according to claim 19, wherein the assessment criteria is a selected action item and a linked metric.

21. The performance management system according to claim 20, wherein the linked metric is from one of a financial metric or a non-financial metric.

22. The performance management system according to claim 18, wherein the financial data analyzer component links actual or projected financial data and non-financial metric values to the select action.

23. The performance management system according to claim 18, wherein the financial data analyzer performs analysis metric trends, and reviews peer/benchmark comparisons.

24. The performance management system according to claim 23, wherein the financial data analyzer generates a report listing and illustrating a summary of financial balances.

25. The performance management system according to claim 23, wherein the financial data analyzer generates a report listing and illustrating a graphical representation of selected metrics over selected time periods or a reports comparing select entity calculated metrics against peers and or benchmark standards.

26. The performance management system according to claim 18, wherein the custom action plan provides a link between financial information and strategic information and operational action items.

27. The performance management system according to claim 26, wherein the custom action plan is selected from an assessment created in the assessment builder component and selected time periods of financial data and a metric generated in the financial data analyzer component.

28. The performance management system according to claim 27, wherein the custom action plan includes metric goals.

29. The performance management system according to claim 27, wherein the data linkage manager component includes an edit action plan contents component to review the select action item and select another action item.

30. The performance management system according to claim 18, wherein the maintain and monitor action plan component generates a report on the action plan.

31. The performance management system according to claim 30, wherein the report is a review/response, ranking, or monitoring report.

32. The performance management system according to claim 31, wherein the review/response report includes a listing of selected action items with fields for comments and assignments.

33. The performance management system according to claim 31, wherein the ranking report includes an assessment, rank, and prioritize action items component for the action plan.

34. The performance management system according to claim 31, wherein the monitoring report is a report listing action items based on metrics values and goals associated with the action items.

35. The performance management system according to claim 18, wherein the maintain and monitor action plan component includes an update action plan responses component to update action item responses from a baseline response prepared through the assessment builder component.