Tag Archives: business

Business Performance Management

Let’s start by identifying how to define performance management. It’s not as simple as you might think. An Internet search conducted in July 2007 on the term performance management returned 23,000,000 results. Out of the gate, the search for the “answer” begins and we find ourselves digging through disparate data sources to identify the right answer. With some initial investigation, we find that the term performance management is used and referred to as both business performance management (BPM) and corporate performance management (CPM). BPM is a set of processes that helps organizations optimize their business performance. It is a framework for organizing, automating, and analyzing the business methodologies, metrics, processes, and systems that drive business performance. BPM helps businesses efficiently use their financial, human, material, and other resources. Organizations may take components of the performance management spectrum and deliver solutions specific to the business area seeking better decision-making. Performance management then can be the next generation of BI. CPM has been defined as “a set of processes that help organizations optimize their business performance. It is a framework for organizing, automating, and analyzing business methodologies, metrics, processes, and systems that drive business performance.” Does it sound familiar?