Prescriptive System for Performance Information Management System

Abstract

Information can be briefly defined as processed data. Information is crucial to the success of any organization because it must be exchanged in one form or the other before activities can be carried out. However, too much information can be overwhelming and lead to poor decision-making. Further, as organizations face an ever-growing wave of digital data, they need to analyze that data and make timely decisions to achieve effective management .Formerly, information was viewed simply as a means of expression, they now serve as the foundation for an organization’s effectiveness and efficiency. Additionally, increased pressures to manage information appropriately, communicate it and effectively manage it for increased performance has been the focus of organizations. In today’s organizations, information is much more dynamic than even just a few years ago. Data; which is the raw material for producing information volumes are exploding, generating larger and larger databases, just as business activities are demanding faster response times. It is therefore compelling to evolve a means by which these loosely located data can be gathered, processed and communicated quickly to meet the challenges of modern business demand. In this study, a prescriptive system for designing a performance information management system was carried out. The system describes the methodology for designing a system that efficiently gathers, processes and makes information available to every level of management