Step 1: Collect and Review Primary Information
February 12, 2025
President Trump introduced one of the biggest tax reforms that the United States has ever seen in Dec 2017. As soon as the plan declared that the taxes on the rich will be reduced by $1.5 trillion, a huge debate started about the morality and the perceived economic benefits of such a move. However, it […]
Large IT Projects and Delays and Cost Overruns It is estimated that more than 80% of IT (Information Technology) projects often are behind schedule as well as having cost overruns. This is especially the case with large IT projects that involve multiple stakeholders and take a lot of time to complete. There are many reasons […]
Investors just can’t seem to get enough of Amazon. Even though Amazon is already the world’s fifth-largest company, investors believe that it is only just getting started! It already has revenues of $125 billion per annum. It is targeting revenues of more than $500 billion in the next few years. Startups have grown at this […]
Business Improvement Projects are great way of unleashing the operational efficiency and increasing the effectiveness of the entire business operations. It helps Organizations prune their processes and eliminate redundancies when reviewed from time to time. Business operations are dependent upon well defined documentation and detailed as well as efficient processes no doubt. However, the processes […]
In the year 2017, President Trump has promised the United States that he will provide unprecedented tax cuts to the people of the United States. He believes that such a tax system would stimulate economic growth and once again propel America to the pinnacle of economic success. However, he is not the only one to […]
Metrics are numbers that tell you important information about a process under question. They tell you accurate measurements about how the process is functioning and provide base for you to suggest improvements.
It is said that only when one can express their understanding in terms of numbers is the understanding satisfactory and meaningful.
Usually measuring results with one metric is not a good enough strategy. A combination of metrics is used to measure the effectiveness of the process.
In the end it is only an understanding of both types of metrics and what they suggest can meaningful decisions be made about the process is question.
Here are some important functions that metrics fulfil in an organization.
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