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Blog: John Myers

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Financial Performance Management

My brother has a theory that any sentence that starts with "You would think..." or "Shouldn't things be this way...." is usually a loaded statement and/or a utopian emoting prelude. In blogging, I have discovered that any sentence that starts with "I don't usually promote xxxx..." is a sign that a vendor based website/report/etc is coming. With that being stated....

I don't usually "pimp" a vendor based approach to anything. However, I also don't believe that you should reinvent the wheel. Deming borrowed from Shewhart. Six Sigma, no matter how much they claim otherwise, borrowed from Deming. And, on an on….

This framework from Cognos...err... IBM provides a good foundation for organizations that are more finance department based with their improvement goals. Again, don't blindly follow what they have to offer, but it gives a great start for an organization looking to start in this direction.

NOTE - The Cognos FPM uses the same type of closed loop, iterative improvement process(es) that look like they come straight from Deming or Six Sigma.... :)

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  Posted by jmyers on December 11, 2007 8:00 AM |

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