Strategy Maps, Wow I didn’t know SharePoint could do that!

This was the reaction of a senior board advisor who took a little time out of his busy schedule to review the roll-out of the StratexPoint solution at his organisation. As our consultants ‘walked through’ the solution they deployed at the end of rapid, 4 week deployment, the group of senior executives were clearly impressed with the speed that their large, manual spreadsheets had been transformed into a enterprise-wide risk management solution. As our consultants ticked off the high-level requirements of an ERM solution, there was a surprising reaction when we opened with a Strategy Map. "Strategy Maps; Wow I didn’t know SharePoint could do that!" This was the reaction from one senior board advisor. Of course, the Strategy Map was not SharePoint, it is a key dashboard within StratexPoint and StratexLive, and this single dashboard has positioned risk management as a key part of the board level strategy process.

Well done Team.

Webinar Download: 'How to deliver an effective, robust risk framework while responding to regulatory action'

Following Part Two of our How To Webinar Series, please download/stream the recorded webinar, free of charge, by visiting: http://www.screencast.com/t/4nxvomaas72B

To register for Part Three ‘How to Lower your Operational Losses via improved Risk Management’ and/or Part Four ‘How To Leverage SharePoint for Risk Management’ visit: http://www.stratexsystems.com/how-to-series/

By registering, you will automatically receive a downloadable/stream-friendly version of the webinar, as well as access to the live session.

Part 4 – How to… Leverage SharePoint for Risk Management - 30 Nov '11

Do you need to deliver an effective strategy and risk management process?

Do you need to reduce operational losses and the cost of compliance?

Do you need to simplify your IT environment and eliminate ad hoc spreadsheets and systems?

Is it time to improve your Risk Management technology?

Join us for the last of four webinars in our “How to…” series – “How to Leverage SharePoint for Risk Management”

Register here

During this webinar, StratexSystems will:

  • Discuss some of the risk and regulatory challenges facing the financial services industry today
  • Discuss the role a sound methodology and robust technology can play in meeting risk and regulatory challenges today
  • Provide an overview of the StratexPoint GRC solution including outlining why it is the right solution for SharePoint users to adopt
  • Finally, we will provide a demonstration of how StratexPoint enables Strategy and Risk Management, including Strategy Mapping, Risk and Controls Assessment and the alignment of risk appetite to strategy

Details:

Wednesday, 30th November 2011. 16:00 GMT / 11:00 EST

Register here

What can the Balanced Scorecard Enable an Organisation to do?

· Define strategic objectives and map these using a strategy map

· Develop clarity around the organizational strategic objectives

· Define a set of Key Performance Indicators (KPIs) for each objective

· Align the organisational change agenda to deliver the objectives via initiatives and actions

· Encourage the right performance culture using the RACI model to define ownership and governance

· Enable Theme-based management

· Automate performance dashboards and reporting, while enabling advanced analytics

· Encourage a collaborative approach to delivering performance via commentary, alerts and other web 2.0 collaboration capabilities 

Background of the Balanced Scorecard

The Balanced Scorecard is one of the most widely deployed performance management methodologies in organisations today. In fact, the Balanced Scorecard concept was selected by the editors of the Harvard Business Review as one of the most influential management ideas of the past 75 years.

Developed in the early 1990s by Dr Robert Kaplan and David Norton, the Balanced Scorecard was designed to provide a framework to enable organisations to manage with a balanced set of financial and non-financial information. Since its inception the Balanced Scorecard, along with the Strategy Map, has evolved to enable organisations to address the challenge of strategic execution. Strategic execution continues to be a major challenge for organisations, with up to 70% failing to execute their strategy fully and successfully.