Merging Performance Management, BI and Analytics
Updated · Nov 10, 2010
CPM used to be the prime driver behind improvements in an organizations performance within the market place. This Database Journal article by Peter Evans suggests that the three classic disciplines of Corporate Performance Management (CPM), Business Intelligence (BI) and Analytics beginning to merge into one seamless subject.
“CPM used to be the prime driver behind improvements in an organizations performance within the market place. Utilizing methods incorporating the Balanced Scorecard from Kaplan, Six Sigma or Lean the back office staff would analyze the company business processes and seek to improve their performance by analyzing the available metrics of past performance, strategic planning, forecasting and workflow reporting. It would utilize both financial and operational performance results to provide an indication of success or failure against particular goal orientated targets, which would point to the reasons for that result.”