Performance Management
PM is a strategic management approach for monitoring how a business is
performing. It describes the methodologies, metrics, processes, systems and
software which are used for monitoring and managing the business performance
of an enterprise. Business Performance Management, and Strategic
Performance Management, and Enterprise Performance Management and
Corporate Performance Management are all variations of the terminology.
Benefits of Performance Management
Main benefits of CPM are:
- PM helps to maximize value creation consistently.
- PM helps to increase corporate transparency.
- PM facilitates communication with investors, analysts and with stakeholders.
- PM improves internal communication on strategy.
- PM facilitates the improvement of decision-making.
- PM helps to balance short-term, middle-term, and long-term trade-offs.
- PM encourages value-creating investments.
- PM improves the allocation of resources, streamlines planning and budgeting.
- PM helps to better deal with increased complexity and greater uncertainty
and risk.
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Overview of Performance Measurement Systems
"I would like to create an overview in this forum of all performance measurement systems / theories / methods existing today, including the most recent ones.
If you know one that isn't mentioned ..." |
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Logistics & Warehousing
"With my new role as logistics and warehouse manager for a major clothing retailer, I am mandated to measure the performance of logistics & warehouse function. Which areas should I focus on? Any..." |
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Performance Measurement: Realistic?
"How practical and realistic is performance measurement in organisations. In most cases, it looks very juicy on paper yet in practice is does not appear to be producing the expected outcomes." |
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Performance Management in a small organisation
"Most of the theory on PM is based on large organizations. Does anyone have experience of implementing a PM system in a company with less than 50 employees?
I'm conducting research for an undergr..." |
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Monitoring Performance of Businesses
"Please recommends books or articles on how to implement performance management framework for an investment holding company. Our company holds investments in core businesses and private equity. How t..." |
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CPM best practices, examples
"I just finished reading "Five Key Principles of Corporate Performance Management" by Bob Paladino.
Paladino collected a bunch of CPM best practices and practical examples. From a variety of sourc..." |
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Customer Performance Management
"Customer Performance Management (CPM) is also another variation. CPM focuses on acquiring, managing and growing the best performing customers from a satisfaction, profitability and risk perspective." |
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Performance Management Special Interest Group
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Compare with Corporate Performance Management:
Business Intelligence
| Activity Based Costing |
Balanced Scorecard |
CSFs and KPIs |
Value Based Management
Return to Management Hub: Change & Organization | Communication & Skills | Decision-making & Valuation | Finance & Investing | Strategy
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