Techie Stuff

Effective Performance Management means asking 3 key questions:

1. How are we doing?
2. Why is performance what it is?
3. What should we be doing?

Planning and forecasting enables your business to address Performance Management question 3 - "What should we be doing?"

Properly implemented, a good forecasting system should help you allocate human and financial resources more effectively using driver-based plans and rolling forecast

IBM Cognos Tools
IBM Cognos Express & IBM TM1 both provide a comprehensive planning and forecasting capability as part of their Information Management toolset. Both tools use a powerful in-memory cube (sometimes, rather grandiosely, referred to as an "Analytics Engine"), combined with web and Excel based interfaces