Corporate Performance Management
Overview
"CPM is an umbrella term that describes all of the processes, methodologies, metrics and systems needed to measure and manage the performance of an organization." Gartner Research
"There is no single CPM Methodology because CPM spans the complete management control cycle." Gartner Research
Many Fortune 500 and Global 3500 Companies have embraced the long and short-term vision of CPM. They understand the value of enabling and engaging everyone in an organization to manage the organization's performance. These companies are implementing CPM solutions enterprise wide making that vision real.
These organizations understand how CPM can help them answer some of their fundamental business questions :
- How are we doing?
- Why?
- What should we be doing?
- What is happening in any sector of the company in "real time"?
- How can I get the information I need immediately?
Balanced Scorecards, dashboards, report automation, data integrity, business intelligence, along with planning and consolidation technologies answer these questions.
Knowing what happened, without finding out why, is of little use to the business. Knowing why something happened, but being unable to plan and make the necessary changes is likewise of limited value. Not being able to see immediately "at a glance", what is happening enterprise-wide, limits the ability to guide and steer the company in the right direction. |