IBM Cognos Metric Studio is the scorecarding and
metrics tool in IBM Cognos Business Intelligence.Metric
Studio is a performance tool for managing monitoring and analysing metrics,
projects, and other performance measures within an organisation.
It is used to create a
scorecard application and monitor the metrics within the applications.It
helps you ensure that your organisation’s performance is consistent with its
targets and goals.You can use Metric Studio to create a customized scorecarding environment
to monitor and analyze business metrics throughout your organization. A metric is a key
performance indicator (KPI) related to time.In
other words you use Metric Studio to monitor KPIs between one period and the
next.A scorecard shows
graphically how a metric is performing.This is typically done by using red,
orange and green status notations.
IBM Cognos Metric Studio |
Metric Studio helps you translate your organization's
strategy into relevant, measurable goals that align each employee's actions with
a strategic plan.
A scorecard shows graphically
whether the metric has improved, got worse or stayed the same. Metrics have
both status (whether the metric is within scope) and trend (performance
relative to last period).The rich scorecarding
environment of Metric Studio shows you where your organization is successful
and where it needs improvement. The application is
quite unique in the market given it specific support for Strategy Execution
programs like the Balanced Scorecard.
It tracks performance
against predetermined targets(metrics) and indicates the current status of the
business so that decision makers at every level of the organization can react
and plan. What ‘improved’ and ‘got
worse’ actually mean is defined when the metric is set up. In other words, a
bigger number might mean performance has improved or slipped, depending on what
it is measuring.Metrics means just setting a value to compare the status over a period of
time or we can define metrics as “A system or standard of
measurement.”
With Metric Studio, you can readily see how the organization is
progressing against its strategy. You can set priorities for your own actions
and understand how your decisions affect the performance of the company.You
can navigate to Metric Studio content in the Content tab and add the
following Metric Studio content to a dashboard.
- Watch lists
- Scorecards
- Strategies
- Metric types
- Individual metrics
When you add an individual metric to
the dashboard, historical data for the metric displays in the form of a bar
chart.For any other IBM Cognos Metric Studio content that you add, the content
displays as a list of metrics for the selected item.You can use the
flexibility of Metric Studio to model metrics and their relationships based on
any standard or proprietary scorecarding and management methodology that you
already use.
Cognos Metric Studio |
With Metric Studio,
performance can be displayed either as a list report or a line chart. Often a
chart makes it easier to spot trends.Actions can be set up to improve
performance of a metric.The application delivers out of the box support for concepts like
ownership, themes, objectives, strategy map, project-& initiative follow
up, filing of attachments etc.
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