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Frequently Asked Questions about Decision Support Systems by Dan Power

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50 results for "financial planning"

Question	Category	Date
What is/was IFPS? IFPS is an acronym for interactive financial planning system. My friend Paul Gray is an expert on financial planning systems and IFPS, and what I know...	Model-driven DSS	Aug 07, 2005
How important is forecasting decision support? by Daniel J. Power Editor, DSSResources.COM Decision support and analytical systems that use data sets with models and statistical analyses remain...	DSS Foundations	Jul 12, 2015
What is a good replacement for models built using IFPS? On December 5, 2000, Hubert Deneault, Hydro-Quebec, wrote "First, I want to thank you for offering a service like DSSResources.com. It is very he...	Model-driven DSS	Aug 07, 2005
What is active enterprise financial planning? Active enterprise financial planning is a collaborative, participative, real-time, web-based approach for budgeting, performance management and financ...	DSS Applications	Aug 07, 2005
How is digital transformation changing accounting? by Daniel J. Power Editor, DSSResources.COM People no longer perform most traditional accounting tasks. Today accounting is much more than record...	DSS Foundations	Nov 21, 2020
What vendors have communications-driven DSS for collaboration? by Dan Power Editor, DSSResources.com With the growth of cloud computing more sophisticated communications-driven DSS have been developed to ass...	DSS Foundations	Dec 17, 2011
What decisions are appropriate for model-driven DSS? by Dan Power Editor, DSSResources.com Some decision problems occur across diverse businesses. Various approaches can be used to solve them depen...	Model-driven DSS	Dec 29, 2008
What software can help implement the Basel accords? by Dan Power Editor, DSSResources.com Identifying and evaluating software for a very broad purpose like supporting the Basel capital accords (htt...	DSS Foundations	Sep 03, 2011
What is reporting software? by Dan Power Editor, DSSResources.com Reports organize data to create information that can be shared with others. For example, a quarterly financi...	DSS Foundations	Jan 09, 2016
What was the DSS News in October 2000? by Daniel Power Volume 1, issue number 12 of DSS News was published October 9, 2000. Then as now DSS News was a bi-weekly publication of DSSResourc...	DSS Foundations	Oct 11, 2020
What is Planners Lab? by Dan Power Editor, DSSResources.COM Planners Lab is an innovative software product, a modern version of IFPS, a new tool for teaching student...	Model-driven DSS	Oct 22, 2006
What is a Planning Support System? by Dan Power Editor, DSSResources.com Reading the trade press, academic articles and web sites forces those of us interested in computerized supp...	DSS Foundations	Aug 06, 2005
What is the job of a decision support analyst? by Dan Power Editor, DSSResources.com Job titles often summarize job duties and sometimes the title conveys prestige or reflects the responsibli...	DSS Foundations	Jul 30, 2012
Where can I find information about KPIs for building DSS in different industries? The topic of identifying KPIs or Key Performance Indicators is a major issue in developing Executive Information Systems, Balanced Scorecard Systems a...	Data-driven DSS	Aug 06, 2005
What is decision support planning? by Dan Power Editor, DSSResources.com Decision support planning is an anticipatory decision-making process that involves critical thinking about ...	DSS Theory	Jun 23, 2009
Can DSS improve strategic planning? by Dan Power Editor, DSSResources.com Decision support (DSS) can improve strategic planning and strategic control. Many organizations have not ...	DSS Foundations	Mar 05, 2016
Who uses computerized decision support and analytics? by Daniel J. Power Editor, DSSResources.COM and Ciara Heavin Managing Editor, Journal of Decision Systems Traditionally, many researchers a...	DSS Foundations	Jan 08, 2017
Is tax preparation software an example of a DSS? "Is X a DSS?" is a common question in the Ask Dan! email. Let's try to figure out the answer to this question together.First, what is the pu...	DSS Applications	Aug 07, 2005
What can DSS designers learn from video games? Today, decision support systems use mature user interface technologies. Dashboards are not "new"; the smiley faces and sliders for user input are fa...	Building DSS	Feb 05, 2006
Can decision support tools help minimize black swan events? by Daniel J. Power Editor, DSSResources.COM In decision making and planning, managers are sometimes surprised by unanticipated events. A black sw...	DSS Foundations	Aug 11, 2019
What are characteristics of the computerized decision support domain? Daniel J. Power Decision support and decision support systems are varied. Seven characteristics can help described both appropriate decision suppor...	DSS Foundations	Mar 09, 2020
How is BPM related to DSS? by Dan Power Editor, DSSResources.com Those of us in the field of IS/IT really seem to like our acronyms. Sometimes however different sets of ve...	DSS Foundations	Mar 21, 2009
What are various categories and classifications for decision support? by Daniel J. Power Editor, DSSResources.com Computerized decision support systems emerged in the 1960s with model-driven DSS. Decision Support Sys...	DSS Foundations	Mar 17, 2020
What is the impact of information management on the organization? by Daniel J. Power Editor, DSSResources.COM Thirty years ago, at the start of my career, I addressed this question (cf., Power, 1983). My MIS Qua...	DSS Foundations	Nov 24, 2013
What is adaptive planning? by Daniel J. Power Editor, DSSResources.COM Adaptive planning is a process and theory for coping with change and complexity. Adaptive planning ide...	DSS Foundations	Feb 15, 2020
What is agile leadership? Daniel J. Power Editor, DSSResources.com Some may be skeptical about agile and others may think the term is overused. In reality, becoming more ag...	DSS Foundations	Jun 19, 2019
When is "real-time" decision support desirable and needed? My Ask Dan! column “What is ‘real-time’ decision support in DSS News (Vol. 3, No. 24) struck a chord with some readers. This column is a follow-...	Building DSS	Aug 06, 2005
What is a computer supported special decision study? by Dan Power Editor, DSSResources.com Frequently, computerized tools are used to prepare one-time special studies and reports in unstructured, ...	DSS Foundations	Dec 23, 2015
What is the history of computerized decision support? by Dan Power Editor, DSSResources.com Supposedly, if we study history we are less likely to make the same mistakes again. Decision support was on...	DSS Foundations	Jun 10, 2009
Who uses computerized decision support? by Dan Power Editor, DSSResources.com Many people use computerized decision support for work and in recent years to aid in personal decision maki...	Building DSS	Sep 02, 2012
What Data Warehouse software and configurations are used in universities? The best source for finding information on this topic is on the Higher Education Data Warehouse Configurations page at http://www.georgetown.edu/users...	Data-driven DSS	Aug 06, 2005
What are important DSS articles from MIS Quarterly? by Dan Power Editor, DSSResources.com A number of terms have been used for information systems supporting management decision making including m...	DSS Foundations	Jul 27, 2016
What is a Management Information System? by Daniel J. Power Editor, DSSResources.COM Broadly defined, a Management Information System (MIS) refers to any computer-based system or applica...	DSS Foundations	Aug 05, 2017
What is digital organizational management? Daniel J. Power and Ciara Heavin Organizational management is a process of structuring, planning and directing resources and people to achieve goa...	DSS Foundations	Aug 29, 2020
What is a robust decision support quantitative model? by Daniel J. Power Editor, DSSResources.COM Some quantitative models provide very different results when assumptions are violated and when model ...	DSS Foundations	Apr 17, 2015
How does planning differ from decision-making? This frequently asked question seems straight forward and easy to answer, but it is one that I have grappled with for many years. Discriminating decis...	DSS Theory	Aug 06, 2005
How can managers identify opportunities to create innovative DSS? by Dan Power Editor, DSSResources.com Once a manager believes it is possible to gain significant benefits or even a competitive advantage from ...	Evaluating DSS Projects	Dec 12, 2007
How do predictive analytics support decision making? by Dan Power Editor, DSSResources.com Predictive analytics is a general term for using simple and complex models to support anticipatory decisio...	Building DSS	Jul 30, 2012
What kind of DSS does Mr. X need? by Daniel J. Power Editor, DSSResources.com There are many "kinds" of decision support for diverse decision making situations. Both IS/DSS softw...	Building DSS	Aug 03, 2014
How does a DSS differ from an MIS? by Dan Power Editor, DSSResources.com Some Decision Support Systems (DSS) are Management Information Systems (MIS), but DSS serve purposes other ...	DSS Foundations	Sep 28, 2009
How might AI, Blockchain and Decision Support impact Accounting and Auditing? by Daniel J. Power Editor, DSSResources.COM Historically, bookkeepers, accountants, and auditors have maintained financial records and created de...	DSS Foundations	Oct 14, 2018
Is ETL software needed to build a model-driven DSS? by Daniel J. Power Editor, DSSResources.COM ETL refers to software used in the process of extracting data from a data source, transforming or alt...	Model-driven DSS	Apr 15, 2017
How will decision support technologies shape our global society? by Daniel J. Power Editor, DSSResources.COM Change is definitely occurring in our global society. Some changes are minor and seemingly insignific...	DSS Foundations	Aug 04, 2013
What is agile project management? Daniel J. Power and Ciara Heavin Applying agile values and principles to managing a project is commonly identified as Agile Project Management (AP...	DSS Foundations	Mar 15, 2020
What are benefits and risks of outsourcing enterprise-wide DSS? by Dan Power Editor, DSSResources.com Some companies outsource major Information Technology (IT) activities like Internet and Intranet operatio...	Building DSS	Apr 16, 2008
What are the most common database design mistakes? by Daniel J. Power Editor, DSSResources.COM In a 2008 eWeek slide show, Brian Prince identified "The Most Common Database Design Mistakes." The l...	DSS Foundations	Aug 03, 2013
What is the output of a decision support system? by Dan Power Editor, DSSResources.com Traditionally, one would answer the output of a DSS is "relevant information". Correct, but DSS designers ...	Building DSS	Feb 06, 2008
What is localization of decision support and analytics? by Daniel J. Power Editor, DSSResources.COM As companies expand into the global marketplace decision support and analytics must often be localized...	DSS Foundations	Mar 28, 2015
What is Alter's DSS taxonomy? by Daniel J. Power Editor, DSSResources.com In the mid-1970s, the first wave of computerized decision support systems (DSS) became practical. St...	DSS Foundations	Jun 18, 2018
How could innovative DSS have assisted in specific crisis situations? This Ask Dan! builds upon prior discussions of DSS for crisis planning, response and management. Rather than examine this broad topic from a general...	Crisis Management	Aug 16, 2005

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