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CXOA D V I S O R Performance and cost benchmarking
The steps in indexing, base-lining and benchmarkingClient pain points
• If we don’t know where we are now, how can we go forward?
• Do we have an early-warning system for imminent performance problems?
• Need to get the current environment right before we can introduce new products / processes
• We need a high level view of our current performance – with drill downs if needed
• The balanced scorecard doesn't tell us if we’re missing something – it tends to be a lag indicator of performance
Product benefits
• Follows 80/20 rule – focus on important performance issues
• De-politicises performance
• Clear definition of lead drivers and appropriate response to each
• Extract value from current processes / systems
• Focused benchmarks against internal and external parameters
• All measures within 3RM™ paradigm – aligned to business strategy, resourcing, communication models
Understand lead / lag measures, focus areas, levers of performance and index them
Step 2
Benchmark only where focus will produce results
Step 3
Use the 3 Role model™ to know what the definition of performance is for each
business driver
Step 1
Execute value realisation plans
Step 4
Legacy value
Core value
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CXOA D V I S O R