Governance Control
Maintain control and integrity over your business metrics.
Effective governance is critical for ensuring that your business metrics remain accurate, consistent, and trustworthy over time. Structured’s Governance Control features empower your organization to manage, track, and audit metric definitions and data transformations, providing a robust framework for maintaining data integrity.
What is Governance Control?
Governance Control in Structured encompasses the processes, roles, and tools required to manage and oversee the standardization and application of business metrics. This includes version history, metric ownership, change tracking, and permissions, all of which help ensure that your metrics remain consistent and aligned with your business objectives.
Key Governance Features in Structured
Steps to Implement Governance Control Using Structured
Step 1: Assign Metric Ownership
Start by assigning ownership of each key business metric to a specific team or individual. Metric owners are responsible for overseeing the accuracy and alignment of the metric with business objectives. This ensures accountability and clarity over who controls critical business metrics.
Step 2: Define Access Permissions
Set up access controls to define who can view, edit, or approve changes to metric definitions. By limiting access to authorized users, you reduce the risk of unauthorized changes and maintain the integrity of your metrics.
Step 3: Track and Manage Versions
Use Structured’s version control to track all changes made to metric definitions. This allows you to review past versions, compare changes, and revert to previous versions if needed. It ensures that your metrics evolve in a controlled and transparent manner.
Step 4: Monitor Audit Trails
Regularly review audit trails to monitor all actions taken on your metrics. This includes changes to definitions, data sources, and business rules. Audit trails provide full transparency, helping you maintain compliance and accountability.
Step 5: Manage Changes and Communicate
Implement a change management process to ensure that any updates to metric definitions are communicated to all relevant stakeholders. Set up notifications to alert teams when critical metrics are modified, ensuring alignment across the organization.
Benefits of Governance Control
Increased Accountability
By assigning ownership and tracking changes, Structured ensures that there is clear accountability for every metric, reducing the risk of errors and misaligned data.
Enhanced Data Integrity
With robust version control, audit trails, and access permissions, your organization can maintain the integrity of its metrics, ensuring that all data is reliable and consistent.
Improved Compliance
Audit trails and controlled access support compliance with industry regulations by providing a clear record of who made changes, what changes were made, and when.
Streamlined Change Management
Structured’s change management features help ensure that updates to metrics are implemented smoothly and communicated effectively across the organization, reducing disruptions.
Real-World Example
Example: Governance of Monthly Recurring Revenue (MRR)
Imagine your finance team is responsible for the Monthly Recurring Revenue (MRR) metric. With Structured’s Governance Control, the finance team can track every change made to the MRR definition, assign ownership, and set permissions so only authorized users can modify the metric. This ensures that when the MRR data is reported, it is consistent, reliable, and aligned with the organization’s financial goals.
Conclusion
Governance Control is essential for maintaining the integrity, consistency, and reliability of your business metrics. Structured provides the tools necessary to track changes, assign ownership, manage permissions, and ensure compliance, empowering your organization to manage its data with confidence and clarity.