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F I N A N C I A L M A N AG E M E NT D E F I N ITI O N S AND KEY MEASURES ThE FRAMEwORK FOR PROCESS IMPROvEMENT Experience shows that benchmarkings potential drop to drive dramatic improvement lies squarely in make out-of-the-box comparisons and searching for insights not typically found within intra-industry paradigms. To enable this type of beneficial benchmarking, the APQC Process motley FrameworkSM (PCF) serves as a high-level, industry-neutral enterprise model that allows organizations to see their activities from a cross-industry process viewpoint. primitively created in 1992 by APQC and a group of members, the framework has go through more than a decade of creative use by hundreds of organizations worldwide. The PCF is supported by APQCs Open Standards Benchmarking research and an consultatory council of global industry leaders. The PCF will be continuously heighten as APQCs Open Standards Benchmarking team further develops definitions, processes, and measures cerebrate to process improvement. Please visit APQCs Web put periodically for updates. The PCF is available for organizations of all industries and sizes at no send off by visiting www.apqc.org/pcf.

The PCF enables organizations to understand their inner workings from a horizontal process viewpoint, rather than a vertical operational viewpoint. The PCF does not list all processes within a particularized organization, and every process listed in the framework is not correspond in every organization. 8.0 Manage Financial Resources hISTORY The Process Classification Framework was originally envisioned as a taxonomy of logical argument processes. The initial design involved more than 80 organizations with a strong interest in advancing the use of benchmarking in the United States and worldwide. Since its inception, the PCF has been updated a number of times to reflect changes in the way organizations do business. In response to feedback from users of the PCF, APQC engaged practitioners, consultants, and... If you loss to get a full essay, order it on our website: Ordercustompaper.com

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