Management approach

A strategy is a key management tool, especially in the volatile situation that companies face today. The impact of decisions must be made clear to the management. The criteria, and thus the internal and external risks and opportunities, must be demonstrated so that the relevant actions can be clearly displayed.

We have appropriate solutions for your sustainable and successful business management with our risk-based Management System (myPARM RFS).

The myPARM Suite closes the much-bemoaned gap between corporate management and day-to-day operations.

Without replacing systems. Without duplicated data entry. The first choice when it is a matter of implementation of strategic objectives.

myPARM includes integrated modules for strategic management as SWOT, Balanced Scorecard, Strategy Map, Influence Map and Project Portfolio Management as well as operative Project Management – thus closing the gap between top management and the operative level. Especially in today’s world of continuous change it is important that the adjusted strategy is transformed into action.

myPARM RFS is part of the «myPARM Premium Integrated Framework™»

Concerning Initiative Mittelstand, our solutions are the best in the categories «E-Business», «Branch Software» and «Quality Management»:

Risk-based Management System

Management Information System (MIS)

Benefits

Simultaneous monitoring of any desired objects (projects, products, employees, production lines, organisation/Units)
Easy consolidation of your data
Easy integration into existing IT infrastructure due to more than 30 standard interfaces
Ease of workload by regular measurement of management performance indicators such as early warning or key performance indicators and automated report generation
Minimise risks and costs through the early detection of trends, risks, problems and deviations from plan by the use of an integrated traffic light system and custom defined escalation mechanism
Immediate initiation of traceable measures, initiatives and duties (tasks)
Compliance of legal regulations and internal company rules
Consistent parm internal support of communication, collaboration and duty management
Continuous navigation (no media breaks) with drill-down capabilities from strategic, tactical to operational level and vice versa
Consistent Risk- and Quality Management (Plan, Do, Check, Act)
Focus on the personal essentials of the group-wide information by the use of individually configurable cockpits
Developments in a historical comparison
Data availability according to the user's role within the company
Enhancement of decision quality
Up-to-date analyses on a daily basis
International usage by various legal entities (multi-tenancy / multi-currency / multi-language)
Strategic evaluation via a company-wide and freely definable criteria catalogue (Scoremaps)
Interactive on-line reporting in the system by user
Modern and intuitive user interface and concise graphical presentation
Risk and cost reduction through customisation capabilities of the system (processes, additional fields, reports, graphs, dashboards) without the need of programming

Functions

No restriction in the definition of objects to be monitored (projects, products, employees, production lines, organisational units ...)
Operative management level:
Constant monitoring of your key company-specific factors (KPIs)
Tactical management level:
Aggregated performance of objects, which can be pooled to programs
Strategic management level:
Assessment of the objects according to their strategic viewpoints
Enterprise view:
Combination of the tactical and strategic levels; comparison of programs and portfolios
Balanced scorecard:
Measurement, control and documentation of company activities on the basis of your vision and strategy
Content management/integrated document management
Early warning system
Consistent risk- and quality management
Support of mobile devices (iOS, Android, Windows Phone)
Alerting and notification via SMS, email etc.
Integrated report generator

Brochure on Management Information System (MIS) (PDF, 328 kb)

Portfolio Management

myPARM Portfolio Management helps you to analyze and manage your investments and resources.

You optimize implementation and performance.

The main functionalities include:

• Portfolio analysis

• Portfolio prioritization

• Portfolio optimization

• Portfolio simulation

• Portfolio monitoring

• Portfolio controlling

Strategy is defined and planned by management and implemented by anyone in the company

Benefits and functions

Easy integration into existing IT infrastructure due to more than 30 standard interfaces
Suitable for various industries and objects such as projects, products, services, investments and applications
Comparison of programs and portfolios regarding performance and strategic goals fulfillment between each other in real-time
Easy consolidation of your data from any 3rd party application or provided manually, shown within one single view
Ease of workload by regular measurement of management performance indicators such as early warning or key performance indicators and automated report generation
Escalation mechanisms, traffic lights and notification system will reduce workload to a minimum and help to perform executive tasks
Review of portfolio development due to historical and future comparison functionality
Consistent parm internal support of communication, collaboration and duty management
Integration of Risk- and Quality Management
Immediate initiation of traceable measures, initiatives and duties (tasks)
Freely and unlimited configurable views based on BCG-Matrix
Freely definable, enterprise-wide criteria catalogues for strategic evaluation (Scorecards)
User-definable metrics (qualitative + quantitative) enable comparison of operational and identified strategic key figures in several dimensions
Continuous improvement is guaranteed by lessons learned functionality
Strategic evaluation via a company-wide and freely definable criteria catalogue (Scoremaps)
Seamless connection of strategic level (Governance) via middle management (program level) to the daily business operations and vice versa
Drill-down and drill-through functionality
Interactive on-line reporting in the system by user with export functionalities to MS Office formats (Excel, Word, Powerpoint), CSV, PDF, XML, TIFF...
Customisable, role- and topic specific cockpits.
Data availability according to role within enterprise
Investment protection.
Risk and cost reduction through customisation capabilities of the system (processes, additional fields, reports, graphs, dashboards) without the need of programming

Balanced Scorecard

The failure of strategy implementation in practice is tremendous!

If 70 % - 80 % of the strategy implementations fail [according to Fortune Magazine] then YOU can do it better.
The myPARM Balanced Scorecard software ensures a successful strategy implementation and provides you in addition with a tool suitable for management and monitoring.

The vision is formulated, the objectives are announced –

what next?

In everyday life the situation often looks as follows:

The employees do not know how to realise the strategic ideas, initiatives and objectives - if they’re known to them at all. Also the executives often seem to be overstrained.

The board, CEOs and Controllers are doggedly struggling with analysing financial data, not knowing why specific goals have been reached or not.

Non-monetary goals, such as in the area of sustainability, are not systematically integrated into the high level management process.

At this point the myPARM BSC comes in. The functionalities can be optionally extended by the integrated portfolio and project management.

Benefits and functions

Strategy development, implementation and monitoring
Strategy Map
Balanced Scorecard
Influence Map
Freely definable perspectives, terminated goals, KPIs and early warning indicators
Consideration of the historical development as well as short-term and Long-term trend analysis
Easy consolidation of your data and simple integration into existing IT infrastructure due to more than 30 standard interfaces and possibility of manual data entry
Ease of workload by regular measurement of management performance indicators such as early warning, risk or key performance indicators and automated report generation
Escalation mechanisms, traffic lights and notification system will reduce workload to a minimum and help to perform executive tasks
Drill-down and drill-through functionalities
Investment protection.
Risk and cost reduction through customisation capabilities of the system (processes, additional fields, reports, graphs, dashboards) without the need of programming
Web-based system, available in the cloud or on-site (local) both as lease model and one-time purchase
Integrated risk and quality Management
Immediate initiation of traceable measures, initiatives and duties (tasks)
Continuous improvement is guaranteed by lessons learned functionality
Consistent parm internal support of communication, collaboration and duty management for a seamless connection of strategic and operative layer

Use Case: 4th generation BSC (PDF, 584 kb) Use Case: BSC and risk management (PDF, 648 kb)

Sustainability Balanced Scorecard (SBSC)

"Green issues propel us into the black!"

Nowadays, no company can get around the debate on the issue of sustainability. The driving factors come in different forms. In addition to statutory provisions that must be observed, many companies recognise the issue of sustainability as a key factor in competitiveness worth taking into consideration.

The success of sustainability management requires a holistic connection to the corporate strategy in order to ensure its effectiveness and efficiency.

The myPARM BSC can be broadened to three types of SBSC:

Sustainability reporting should focus on issues that are important to the company and include the effects of the company's activities on the entire value-added chain in reports.

GRI's guidelines

are the most common standard worldwide applied by companies.

Benefits and functions

The GRI-G4 standard is supported by myPARM
Identification of the targets as "focal issues"→ filter criterion
Identification of the targets as "sustainable" → filter criterion
Assignment of responsible persons to targets → filter criterion
Complete GRI-G4 standard catalogue including guide
o General standard specifications
o Specific standard specifications (aspects/indicators) with the categories
- Economic
- Environmental
- Societal
Activation and adoption of selected GRI categories/targets/indicators in the Balanced Scorecard
Gathering sustainability-related issues from the perspective of the organisation (comparison with GRI)
Formulation of objectives per sustainability focal issue (comparison with GRI)
Consolidation of important targets/target figures/indicators/programmes with (S)BSC perspectives per focal issue/objective (comparison with GRI)
Assessment of potential (sustainability) targets with regard to risk and opportunity potentials (Risk Priority Index or Chance Priority Index respectively) → selection of focal issues

Use Case Sustainability Balanced Scorecard (PDF, 540 kb) Use Case Sustainability BSC and GRI (PDF, 454 kb)

Risk & Opportunity Management

Benefits

Company-specific "risk-atlas", roles, escalation criteria, processes for identifying and handling risks
Comparability of risks and opportunities across the company
Independent of the degree to which employees understand the risks involved
Clear layout and intuitive user guidance
Processes consider size, type and phase of the object
The system is flexible and adaptable
Systematic approach to the risks and opportunities
Role-based access
Transparency of the risk and opportunity handling
The reworking volume and unexpectedly delayed business operations are reduced to a minimum
Better decision-making
Interactive reports
Complete integration in myPARM possible
Fast return-on-investment (ROI)

Functions

Identifying opportunities and risks
Qualitative risk analysis
Quantitative risk assessment
Task management/risk management/risk control
Ongoing supervision/monitoring
Versioned risk recording
Online reporting
Content management/integrated document management

Brochure on Risk & Opportunity Management - ROM (PDF) (PDF, 1468 kb)

References (abstract)

Hosting (PVDC)

Our offer

If you already want to save valuable working time and high investment costs for your project management solution, we offer the operative and strategic myPARM application by means of cloud technology.

Thus you can rent myPARM on a Software-as-a-Service (SaaS) basis. This includes making the project management solution available on a server as well as administrative tasks. Your data is in a Private Virtual Data Center (PVDC) which means that your data is in an individualised private environment.

Your benefits

Your data in a private environment in Switzerland or Germany
Ultra-stable environment, highest availability thanks to cloud technology
Less IT employees are needed (savings up to 30%)
Backup, data security
No high investment costs are needed
You can concentrate on your core competencies
You pay only for what you actually use (flexible resources)
The software is up to date at all times
Improved performance
The data are saved several times (security)
Independence from other customers
Server availability is guaranteed at all times (99,999 %)
IT resources can be adjusted dynamically to your business development

Costs

In addition to providing the software in a classical way on-premise (locally installed on your server) rented or as one-time fee, we're glad to offer you as well the possibility of hosting as an alternative variant.

Benefit from flexible myPARM licences and hosting!

parm ltd. licenses myPARM and the hosting service on the basis of the number of users: they can be easily scaled to user needs. We offer various options depending on the desired range of functions.

For a monthly fee, you can also rent the myPARM licences.

You can naturally extend your desired package in a flexible way. We will be pleased to advise you in compiling your licence and hosting options.

The final costs result from individual customer requirements, i.e. the range of functions. Don’t hesitate to ask us – we will be pleased to give you further information.

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