What is Management by Fact (MBF), and what are best practices, tools and online templates for teams and organizations?
Definition of Management by Fact (MBF)
Management by Fact (MBF) is a process designed to help managers and leaders guide and improve the quality of tasks and projects through a rigorous quality improvement methodology. The MBF process helps practitioners identify specific problems within a process, hypothesize as to possible root causes, and develop countermeasures to prevent roadblocks. Through the MBF protocol, individuals are then able to evaluate and address root causes and streamline processes.
Description of Management by Fact (MBF)
The Management by Fact (MBF) process is typically managed and presented in the form of a one or two page document or template. The MBF template is not as in-depth as the DMAIC (Define, Measure, Analyze, Improve and Control) improvement process, but it provides a good high-level overview of what’s working and what can be fixed within a process or project.
Specific elements of the Manage by Fact template are:
- Objectives and baseline data
- Activities and deadlines (planned and completed)
- Results (savings, revenues, progress to date)
Management by Fact (MBF) reports and templates are typically presented back to senior management on a weekly basis, allowing for managers and directors to share pertinent facts (in 10 minutes or less) without getting into the weeds.
Tools & Templates
The tools business leaders use to guide their teams through the steps for using the Management by Fact (MBF) process include project charters and process mapping, which are then used for regular reviews of progress.
upBOARD's Online Management by Fact (MBF) Tools & Templates
Unlike most traditional Management by Fact (MBF) processes, upBOARD’s online MBF tools allow any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.
Learn more about upBOARD’s portfolio of other business strategy best practice tools and templates, including:
2 X 2 Matrix, ADL Matrix, Affinity Diagrams, Baker’s 4 Strategies of Influence, Balanced Scorecard, Benchmarking, Blue Ocean Strategy, Bowman Strategy Clock, Build-Measure-Learn Feedback Loop, Business Model Canvas, CAGE Distance Framework, Competitive Analysis, Competitive Landscape Analysis, Contingency Planning, Core Competence Analysis, Critical Success Factors, Discovery Driven Planning, Economic Value Added, First Mover Advantage, Five Forces Model, Force Field Analysis, Gap Analysis, GE McKinsey 9-Box Matrix, Go To Market Strategy, Hambrick & Frederickson’s Strategy Diamond, Hedgehog Model, Hook Model of Behavioral Design, Hoshin Planning System, Kay’s Distinctive Capabilities Framework, Key Outcome Indicators, Kotler’s Five Product Levels Model, Kotler’s Pricing Strategies, Lafley & Martin’s Five Step Strategy Model, McKinsey 7S Model, McKinsey’s Seven Degrees of Freedom for Growth, Mergers & Acquisitions, Mission Statements, Mullin’s Seven Domains Model, OGSM Framework, Ohmae’s 3-C’s Model, Partner Relationship Management, PEST Analysis, PESTLE Analysis, Porter’s Diamond, Portfolio Management, Purpose Statements, Pyramid of Purpose, Scenario Planning, Simonson & Rosen’s Influence Mix, SMART Performance Metrics, SMARTER Goals, SOAR, Strategic Goals, Strategy Map, Strategy Roadmap, Strategy Uncertainty Map, SWOT Analysis, TOWS Matrix, Triple Bottom Line, USP Analysis, Value Chain Analysis, Value Disciplines Model, Value Net Model, Values Statement, Vision Statements, VRIO Analysis, and Weisbord’s Six-Box Model.