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Business performance management (BPM) (also known as corporate performance management (CPM) [2] enterprise performance management (EPM), [3][4] organizational performance management, or performance management) is a management approach which encompasses a set of processes and analytical tools to ensure that an organization's activities and ...
Business performance management is highly valuable because the company collects data about the business for quantitative information. For example, some data collected might include the number of sales made in a given month or the company's current cash flow. When a company uses business performance management, they collect and interpret data to ...
Business performance management refers to a range of methods, metrics and tools for tracking and optimizing business performance. Also known as enterprise performance management (EPM) and corporate performance management (CPM), BPM involves establishing quantifiable business goals and tracking progress toward those goals.
1. Financial Goals. Measuring business performance starts with financial goals. This is largely because your company’s financial value is its first indicator of success or failure. Financial goals also help ensure your diagnostic control systems effectively monitor profitability and provide insight into how to fix problems.