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. Do not confuse this subject with employee performance management.
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
Forum discussions about Performance Management. Below you can ask a question about this topic, share your experiences, report a new development, or explain something.
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 yet,...
Surrogation in Business Performance Management
In wars and extreme poverty, desperate people use various kinds of inferior substitutes for products like bread, coffee and tobacco. These are called "surrogates". Likewise, in performance management ...
The best, top-rated topics about Performance Management. Here you will find the most valuable ideas and practical suggestions.
Performance Management in Government Departments
I' d like to have your reactions on how Performance Management can be implemented in government departments where there is a culture of inconsistency and PM is not aligned to the strategy?...
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....
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....
Management by Objectives, SMART, Business Performance Management, Balanced Scorecard, KPIs, CSFs In most organizations it is very common to specify organizational targets with the aim of increasing performance. This s...
Strategic Performance Management, Leadership, Corporate Mission, Corporate Culture Sherwood (2014) introduces the concept of organodynamics, a concept that explores the level of performance that can be a...