Corporate Performance Management

3.  CPM is described as a series of
business processes and
applications designed to optimize
both the development and the
execution of business strategy.
 CPM helps businesses define
strategic goals then measure and
manage performance against
those goals.
 CPM was defined as a set of
integrated, closed-loop
management and analytic
processes, supported by
technologies, that address
financial and operational
activities.

4.  The successful execution of
business strategy is a well-
recognized requirement for any
organization’s survival in the
hypercompetitive marketplace.
 If you cannot measure an activity
you cannot control it.
 If you cannot control it, you
cannot manage it.
 When performance is measured,
performance improves.
 When performance is measured
and reported back, the rate of
improvement accelerates.

5.  Corporate Performance
Management (CPM) is
composed of two key processes:
CPM
Performance
Measurement
Implementation
Evaluation/ Control
/ Corrective actions
/ Modification
Performance
Management

6. Strategic
Operational
Individual

7.  Performance Measurement
deals with the evaluation of
results.
 Performance Management
deals with taking action
based on the results of the
evaluation and ensuring the
target results are achieved.

8. It reflects the approach one entity has
towards performance and it includes sub-
processes such as:
1. Strategic Planning.
2. Strategy definition.
3. Strategy execution.
4. Training.
5. Performance measurement.

9.  Performance measurement is a sub-
process of performance management
that focuses on the identification,
tracking and communication of
performance results by the use of
performance indicators.
 Performance measures quantitatively tell
us something important about our
products, services and the processes that
produce them.
 They are a tool to help us understand,
manage and improve what our
organizations do.
 So, performance measurement is a must
and it is extremely required to support the
performance management system.

10.  Control
 Self-assessment
 Continuous Improvement
 Management Assessment