1 Exampromax - Stuvia US 2025/2026
ISBA 510 Terms and Acronyms - Midterm
Questions and Answers Already Graded A
RDW
✓✓ Real-time Data Warehousing
- Data used for decision making data are updated on an ongoing basis as business
transactions occur
DMAIC
✓✓ Define, Measure, Analyze, Improve, Control
- define goals, measure existing system, analyze system for ways to eliminate gap
between current and goal, improve with actions to eliminate gap (better, cheaper,
© 2025 Assignment Expert
faster), control with management systems like incentives, policies, procedures,
budgets, instructions
Exampromax - Stuvia US
DMADV
✓✓ Define - Measure - Analyze - Design - Verify
A Six-Sigma process that outlines the steps needed to create completely new
business processes or products
BSC
✓✓ Balanced Scorecard
- A performance measurement and management methodology that helps translate
an organization's financial, customer, internal process, and learning and growth
objectives and targets into a set of actionable initiatives
KPI
✓✓ Key Performance Indicators
- Measure of performance against a strategic objective and goal
BPM
✓✓ Business Performance Management
- the business processes, methodologies, metrics, and technologies used by
enterprises to measure, monitor, and manage business performance.
OLAP
ISBA 510 Terms and Acronyms - Midterm
Questions and Answers Already Graded A
RDW
✓✓ Real-time Data Warehousing
- Data used for decision making data are updated on an ongoing basis as business
transactions occur
DMAIC
✓✓ Define, Measure, Analyze, Improve, Control
- define goals, measure existing system, analyze system for ways to eliminate gap
between current and goal, improve with actions to eliminate gap (better, cheaper,
© 2025 Assignment Expert
faster), control with management systems like incentives, policies, procedures,
budgets, instructions
Exampromax - Stuvia US
DMADV
✓✓ Define - Measure - Analyze - Design - Verify
A Six-Sigma process that outlines the steps needed to create completely new
business processes or products
BSC
✓✓ Balanced Scorecard
- A performance measurement and management methodology that helps translate
an organization's financial, customer, internal process, and learning and growth
objectives and targets into a set of actionable initiatives
KPI
✓✓ Key Performance Indicators
- Measure of performance against a strategic objective and goal
BPM
✓✓ Business Performance Management
- the business processes, methodologies, metrics, and technologies used by
enterprises to measure, monitor, and manage business performance.
OLAP
