Process Management (Pre Fi 1) Flashcards

1
Q

Involves activities and operations needed to transform inputs to outputs.

A

Process Management

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2
Q

study ang naas figures

A

yes

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3
Q

Key Components of Process Management

A

● Process Design
● Process Implementation
● Process Monitoring and Control

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4
Q

Maps out steps required to complete a task.

A

Process Design

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5
Q

Understanding how work is done within organizations

A

Process Design

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6
Q

Implementing ways to improve proceses

A

Process Design

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7
Q

Comparing the actual performance vs the designed performance.

A

Process Monitoring and Control

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8
Q

Process Improvement Methodologies

A

● Lean Management
● Total Quality Management
● Six Sigma
● Kaizen

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9
Q

Improves efficiency and effectiveness by reducing the time spent on non-value-adding
activities and optimizing the flow of work.

A

Lean Management

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10
Q

A management system for a customer-focused organization that engages all employees in
continual improvement of the organization.

A

Total Quality Management

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11
Q

A data-driven methodology used to improve business processes by reducing defects and variation

A

Six Sigma

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12
Q

a concept referring to business activities that continuously improve all functions and involve all employees

A

Kaizen

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13
Q

Platform companies use to manage and integrate the essential parts of their businesses.

A

Enterprise Resource Planning Systems

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14
Q

Helps implement resource planning by integrating all the processes needed to run their
companies with a single system.

A

Enterprise Resource Planning Systems

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15
Q

A system for managing all of your company’s interactions with current and potential customers.

A

Customer Relationship Management System

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16
Q

Process Management Tools

A

● Customer Relationship Management System
● Enterprise Resource Planning Systems

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17
Q

A systematic approach to managing and improving business processes to
achieve organizational goals.

A

Business Process Management

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18
Q

BPM Framework

A

● Process Identification
● Process Modelling
● Process Analysis
● Process Improvement
● Process Implementation
● Process Monitoring and Control

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18
Q

○ Involves mapping business process by documenting existing workflows and engaging stakeholders.

A

Process Identification

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19
Q

○ Involves using tools such as flowcharts to create standard visual representations of workflows.

A

Process Modelling

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20
Q

○ Evaluates performance by identifying bottlenecks (activities that causes delays in the processes).

A

Process Analysis

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21
Q

○ Uses methods such as Lean/Six-Sigma or Lean Six Sigma to minimize waste and for continuous
improvement.

A

Process Improvement

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22
Q

○ Managing change thru communication and training, and pilot testing

A

Process Implementation

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23
Q

○ Ensures effectiveness by setting KPIs to measure success.

A

Process Monitoring and Control

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24
Benefits of BPM
● Efficiency Gains ● Enhanced Employee and Customer Experience ● Agile Organization ● Foster Continuous Improvement
25
Agility in Organizations - The ability of businesses to respond more effectively to market trends, and changing customer needs, as well as other external factors.
Agile Organization
26
Measuring Process Performance
1. Cycle Time a. Lead Time 2. Throughput 3. Quality 4. Cost 5. Resource Utilization
27
The total time from the start to the end of the process
Cycle Time
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Time beginning of the process until its final delivery to the customer.
Lead Time
29
The amount of work completed within a specific period (formula: work/time) (e.g. Units: quantity/hour, output/second)
Throughput
30
Measures defect rate or error frequency
Quality
31
Tracks expenses incurred in completing a process
Cost
32
Evaluates how efficiently resources are used during the process.
Resource Utilization
33
Benefits of Tracking Process Metrics
● Visibility and Transparency ● Continuous Improvement ● Goal Alignment ● Risk Mitigation
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○ Provides clear view of how processes are functioning
Visibility and Transparency
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○ Helps identify inefficiences and drive improvements
Continuous Improvement
36
○ Ensures processes support the organization’s objectices
Goal Alignment
37
○ Identifies potential issues before they escalate.
Risk Mitigation
38
Process Measurement Techniques
● Balanced Scorecard ● Six Sigma DMAIC Framework ● Benchmarking ● Process Audits
39
○ Evaluates performance from multiple perspectives such as financial, customer, and internal processes
Balanced Scorecard
40
○ Method for improving processes through Define, Meeasure, Analyze, Improve and Control (DMAIC) (services) steps.
Six Sigma DMAIC Framework
41
DMADV Framework means
Define, Measure, Analyze, Design, Verify (Products)
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○ Comparison with industry standards or competitors to identify gaps.
Benchmarking
43
○ Conduts systematic reviews to ensure process effectivness and compliance
Process Audits
44
Process Measurement Techniques
● Value Stream Mapping ● Statistical Process Control ● Key Performance Indicators
45
○ The use of control charts to monitor process stability and performance
Statistical Process Control
45
○ Visualize and optimize the flow of process steps to reduce waste.
Value Stream Mapping
46
○ Tracking critical metrics as defined on process needs.
Key Performance Indicators
47
Process Performance Metrics
● Cycle Time ● Productivity ● Turnaround Time ● Throughput ● Effectiveness
48
A restaurant tracks the time from when an order is placed to when the meal is served. By reducing this time, they aim to improve service speed and customer satisfaction, especially during peak hours.
● Cycle Time
49
The restaurant measures the number of meals prepared per chef during a shift. By monitoring this, they aim to maximize kitchen staff efficiency without compromising food quality, ensuring optimal use of labor resources.
● Productivity
50
The restaurant tracks the time from when a table is vacated to when it's cleaned and ready for the next customer. Reducing this time helps increase table availability and accommodate more guests, especially during busy periods.
● Turnaround Time
51
The company measures the time available to create and deliver marketing content (e.g., social media posts, ads) based on client demand. For instance, if clients require 10 campaigns per month, the takt time would ensure the team delivers one campaign every three days
● Takt Time
52
The company tracks how many marketing campaigns are successfully completed and delivered to clients each month, aiming to maximize the number of campaigns while maintaining quality.
● Throughput
53
The company measures the success rate of their marketing campaigns by tracking key performance indicators (KPIs) such as conversion rates, lead generation, or return on investment (ROI). Higher effectiveness indicates that their strategies are achieving the desired impact for their clients.
● Effectiveness
54
Challenges in Process Performance Measurement
● Data Quality and Availability ● Defining Metrics ● Complexity of Processes ● Resistance to Change ● Technological Limitations
55
○ Ensuring accurate and timely data is crucial for meaningful insights.
Data Quality and Availability
56
○ Selecting the correct KPIs that align with organizational goals can be difficult
Defining Metrics
57
○ Interconnected processes can complicate performance measurement.
Complexity of Processes
58
○ Employees may resist new measurement practices, hindering implementations
Resistance to Change
59
○ Outated systems can obstruct effective data collection and analysis
Technological Limitations
60
How to successfully implement Process Performance Measurement?
● Set clear goals ● Choose Relevant Metrics ● Invest in Technology ● Train your Team ● Monitor and Adjust
61
○ Define specific goals in measurement that align with organizational goals
Set clear goals
62
○ Select KPIs that match with your measurement goals
Choose Relevant Metrics
63
○ Use technology for accurate data processing, better visualization and interpretations
Invest in Technology
64
○ Provide training to all employees for them to adapt and understand the system
Train your Team
65
○ Review and adjust process performance measurement according to internal and at times external factors
Monitor and Adjust