Corporate Performance Management (CPM) is one tool management can use to help align resources and processes to achieve strategic goals. Performance management is not an IT project although IT enables it. It's not just dashboards, scorecards and reports. It's not only forecasting, budgeting and planning. It's also about measuring, monitoring and managing the tactical implementation of strategic as well as managing day-to-day activities. CPM is all of these things and more.
Performance management is a series of decision processes enabled by information technology. It solves real business problems. For it to be effective, performance management adheres to the management frameworks, such as Six Sigma, EFQM, Balanced Scorecards and Economic Value Added (EVA) already in use by your organization.
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Best-in-class CPM is achieved through the right blend of bottom-up measurement and top-down management enabled by the appropriate practices and technologies. We've helped organizations large and small formulate and deploy Closed-Loop Performance Management programs. Our experienced team and proven HITactics™ methodology can help your organization as well.
