Take control of the present and predict the future
Business Performance Management (BPM) or Corporate Performance Management (CPM), as IT research firm Gartner Inc. calls it – “is an umbrella term describing the methodologies, metrics, processes and systems used to monitor and manage an enterprise’s business performance,” says Lee Geishecker, Research Director at Gartner in Stamford, Conn. “It has existed for years in the form of isolated components. However, no single vendor or practitioner ever put together all the pieces.” That is, until now.
BPM can help executives both visualize and strategize present and future performance, direction, growth and development of a company. Executives can use KPI’s (Key Performance Indicators) to reiterate and communicate performance goals throughout the entire organization. This will have the knock-on effect of ensuring individual departmental schemes are in-line with the overall corporate strategy for business performance targets.
BPM can help improve the actual understanding, running and above all, performance of a business. Having an in-depth understanding of your business and the operational results throughout, will allow for more focus and control in core areas, resulting in increased and improved productivity and performance by means of closer management involvement.
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