The document discusses using operational metrics like continuous monitoring, operational efficiency, percentage yield, and capacity utilization to measure operational performance. Continuous monitoring aims to identify issues in real-time to resolve them quickly. Operational efficiency measures the ratio of inputs to outputs. Percentage yield and capacity utilization gauge how fully resources are being used to produce outputs.
The document discusses using operational metrics like continuous monitoring, operational efficiency, percentage yield, and capacity utilization to measure operational performance. Continuous monitoring aims to identify issues in real-time to resolve them quickly. Operational efficiency measures the ratio of inputs to outputs. Percentage yield and capacity utilization gauge how fully resources are being used to produce outputs.
The document discusses using operational metrics like continuous monitoring, operational efficiency, percentage yield, and capacity utilization to measure operational performance. Continuous monitoring aims to identify issues in real-time to resolve them quickly. Operational efficiency measures the ratio of inputs to outputs. Percentage yield and capacity utilization gauge how fully resources are being used to produce outputs.
The document discusses using operational metrics like continuous monitoring, operational efficiency, percentage yield, and capacity utilization to measure operational performance. Continuous monitoring aims to identify issues in real-time to resolve them quickly. Operational efficiency measures the ratio of inputs to outputs. Percentage yield and capacity utilization gauge how fully resources are being used to produce outputs.
Download as DOCX, PDF, TXT or read online from Scribd
Download as docx, pdf, or txt
You are on page 1of 4
MANAGEMENT INFORMATION SYSTEM
BY Ms. REEMA ZAHOOR
ASSIGNMENT # 1
SUBMITTED BY: MEESHA TAHIR
SAP ID: 22703
SECTION A Qs # 1: Make Continuously Monitoring with Operational Metrics
1. Continuous Monitoring: An enterprise can use continuous monitoring to automatically identify
security threats, performance difficulties, and non-compliance concerns by continuously monitoring its IT systems and networks. Real-time threat and problem identification is the aim in order to promptly resolve possible issues. Increased visibility into your IT processes through continuous monitoring can result in quicker and more focused incident responses. The earlier you identify mistakes, the sooner you may start the examination of the underlying causes and the ensuing remedial procedure. Put differently, the mean-time-to-resolution (MTTR) is being lowered. Additionally, you can use this to send automated notifications to the relevant IT teams, enabling them to promptly handle any urgent problems. In order to implement changes and resolve the issue without requiring human participation, you can also combine these warnings with automation tools such as runbooks. Because of this proactive strategy, the entire experience is transparent for the clients of the IT system. For instance, a continuous monitoring tool can send out an alert when a certain server's free storage space falls below a predetermined level. Consequently, the infrastructure team can receive an automated SMS text message telling them to expand the disk volume or boost the server's capacity. Comparably, an event indicating "multiple failed login attempts" may cause a network configuration modification that blocks the offending IP address and notifies the SecOps team. 2. Operational Efficiency: The ratio of input required to maintain a business and product produced is measured by a statistic called operational efficiency. The things you gain like quick development timeframes, high quality, money, and the ability to attract and retain customers, come from your operational strategy, personnel, and time. This statistic is used by businesses to cut down on time, effort, and/or material waste. To do this, processes are streamlined to operate more economically. Both waste and redundant processes are removed from the workflow. Companies consider manufacturing, distribution, inventory control, and resource usage in order to accomplish these goals. Operational expenses/ Total Revenue= Operational Efficiency The operational efficiency ratio for your company is 0.5 if the total revenue for 2022 was $200,000 (output) and the operating expenses were $100,000 (input). This indicates that $0.50 was spent for every $1 in revenue. 3. Percentage Yield: Manufacturing businesses frequently use percentage yield to gauge operational efficiency. This tactic entails streamlining procedures and machinery to generate as many high-quality items as feasible. Yield optimization relies heavily on quality testing and continuous tracking, although machinery monitoring may also be helpful. Engineers are empowered with a constant flow of information on the condition and health of equipment thanks to continuous machine monitoring. It provides real-time insights into even the smallest variations in operational conditions changes that have a direct impact on product quality through data analytics. This is not like typical maintenance procedures, which have limitations due to sporadic data and a deficiency of real-time insights. 4. Capacity utilization: The capacity utilization rate is useful to companies as it provides an insight into the value of production and the resources being utilized at any given time. It determines the company’s ability to cope with a rise in the production of output without increasing costs. A reduction in the rate indicates an economic slowdown while an increase signifies economic expansion. Actual level of output/Maximum level of output * 100 = Capacity Utilization