StratexPoint is a unique Strategy, Performance and Risk management application combining powerful analytical and collaboration capabilities developed by Manigent using Microsoft’s market leading SharePoint platform.

StratexPoint is the only application specifically designed to integrate and align performance and risk management, based on the Risk-based performance  methodology. It allows organisations to take an integrated, enterprise-level approach to managing and monitoring their performance objectives, risks and controls. It also enables organisations to configure and manage a complete set of key indicators, including KPIs, KRIs and KCIs.

StratexPoint is the only SharePoint 2007 application for performance and risk management, leveraging SharePoint’s powerful collaboration, workflow, auditing and document management capabilities. It’s highly engaging, web 2.0 style user experience supports the mantra that performance and risk management is all about culture.

StratexPoint provides the tools to shape and influence culture while engaging every employee in the organizational change agenda. Moving beyond the ‘soft’ information, StratexPoint leverages SQL Server, Excel Services and PerformancePoint services to deliver powerful reporting, dashboarding and analytical capabilities.

Also known as Performance Objectives or Strategic Objectives, Objectives are used to distil an Entity’s strategy into an actionable, ‘bite size’ components. They are used to describe and communicate the strategy and monitor the achievement of that strategy.

Within StratexPoint Objectives are defined in both a Global list and in the Local framework.

‘Master’ information about the Objective that is applicable regardless of entity, is defined in the Global List. ‘Detail’ information about the Objective that is only relevant within a specific Entity is defined as part of the Local framework.

Example

For an objective “Grow Revenue by 15% by end of 2010” the perspective is always “Financial” therefore the perspective is defined within the Global List. However “Grow Revenue by 15% by end of 2010” maybe an Objective for “Business Unit 1” and “Business Unit 2”. Within both business units, the accountable person is different, therefore the Objective accountable is held as part of the Local framework.

Related topic

Key Performance Indicators (KPIs)

Risks

Key Risk Indicators (KRIs)

A Control is a process, process step or procedure designed to provide reasonable assurance that business objectives will be achieved.

Therefore Risks are used to describe and communicate the threats and opportunities related to a strategy.

Within StratexPoint,  Risks are defined in both a Global list and in the Local framework.

‘Master’ information about the Risk that is applicable regardless of entity, is defined in the Global List. ‘Detail’ information about the Objective that is only relevant within a specific Entity is defined as part of the Local framework.

Related topics

Key Control Indicators (KCIs)

Click here for more about controls

Within StratexPoint, a broad definition of risk is used, meaning a risk is either a threat to the achievement of an objective or an opportunity to be exploited to enhance the achievement of the objective (a narrower definition of risk is focused on the threat i.e “something bad that might happen that will compromise the achievement of our objectives).

Therefore Risks are used to describe and communicate the threats and opportunities related to a strategy.

Within StratexPoint,  Risks are defined in both a Global list and in the Local framework.

‘Master’ information about the Risk that is applicable regardless of entity, is defined in the Global List. ‘Detail’ information about the Objective that is only relevant within a specific Entity is defined as part of the Local framework.

Example

“Public disclosure of business sensitive data” always falls within the Basel 2 category of Business disruption and systems failure therefore this is defined within the Global list however the person accountable for the mitigation of this risk will vary depending on the entity, therefore accountability are defined within the Local framework.

Related topics

Key Risk Indicators

Click here for more about Risks

A Key Control Indicator (KCIs) is an indicator which is used by organizations to help define its controls environment and monitor levels of control relative to desired tolerances.

KCIs are used to answer the question:”Are our organization’s internal controls effective? Are we ‘in control’?”

Within StratexPoint,  KCIs are defined in both a Global list and in the Local framework.

‘Master’ information about the KCI that is applicable regardless of entity, is defined in the Global List. ‘Detail’ information about the KCI that is only relevant within a specific Entity is defined as part of the Local framework.

Related topic

Key Performance Indicators (KPIs)

Key Risk Indicators (KRIs)

A Key Risk Indicator (KRIs) is an indicator which is used by organizations to help define its risk profile and monitor changes in that profile.

KRIs are used to answer the question: “How is our risk profile changing and is it within our desired tolerance levels?”

Within StratexPoint,  KRIs are defined in both a Global list and in the Local framework.

‘Master’ information about the KRI that is applicable regardless of entity, is defined in the Global List. ‘Detail’ information about the KRI that is only relevant within a specific Entity is defined as part of the Local framework.

Related topic

Risks

Key Performance Indicators (KPIs)

Key Risk Indicators (KCIs)

A Key Performance Indicator (KPIs) is an indicator which enables an organization to define its performance targets based on its goals and objectives and to monitor its progress towards achieving these targets.

KPIs are used to answer the question: “Are we achieving our desired levels of performance?”

Within StratexPoint,  KPIs are defined in both a Global list and in the Local framework.

‘Master’ information about the KPI that is applicable regardless of entity, is defined in the Global List. ‘Detail’ information about the KPI that is only relevant within a specific Entity is defined as part of the Local framework.

Related topic

Strategic objectives

Key Risk Indicators (KRIs)

Key Control Indicators (KCIs)

Click here for a definition of Key Performance Indicator from Wikipedia.

Also known as the Stratex framework, the Local Framework is the principal framework used within the StratexPoint application to manage an organisations entities, objectives, risks, controls, and indicators.

It contains detail information that is only relevant and applicable within the context of a certain entity. For example the local framework holds the ownership model as this is specific to a given organisation (entity).

Related topic

Global framework

Also known as Globals, or Global Lists, the Global Framework is actually a number of lists which is used to define ‘master’ level information for objectives, risks, controls, and indicators.

It contains ‘master’ information that is relevant and applicable across the Local framework no matter where it appears. For example an objective’s perspective is held within the Global Objective list because regardless of where the objective is in the local framework, the perspective is always the same.

Related topic

Local framework

An Entity is used within the Stratex framework to represent an organisational unit or a management team. Objectives, Risks and Controls belong to a specific entity however these can be shared across entities.

An entity can be used to represent any organisation unit which has a defined purpose and objectives such as corporate level, division, department, function, team etc.