The Corporate Performance Management Practitioner

In a great article from BPM Magazine, James Creelman points out that

“The point of any business performance management initiative is to improve decision-making companywide — and so, ultimately, to boost shareholder returns.”

Thank You, James!

CPM is about decision support. All to often, we lose track of that. We also have to realize that numbers and KPIs have their limits. Sometimes the best decisions are based purely on instinct. I am reading a biography of Walt Disney; he went ahead with Disneyland with complete disregard for financial projections. He just knew his Park would be a hit.

Filed under: Uncategorized, CPM Theory, CPM Results
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This website, which apparently was created as part of a better government program which is now obsolete, is a great resource. It cuts through CPM hype and delivers about the most realistic portrait what the benefits and obstacles of a working CPM system. Pay Special attention to the Addendums and links. Tons of good stuff.

City of GP - Performance Measurement In Government - City of Grande Prairie, Alberta, Canada, Official Government Web Site

Filed under: Uncategorized, CPM Process Improvement, CPM Theory, CPM Results
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Like most professionals involved in this industry (Business Intelligence, Corporate Performance Management, Financial Applications, Decision Support, etc.) I am constantly exposed to marketing messages from the various vendors in the space. All the vendors really have the same message: Our technology helps your organization perform better by improving the usefulness of the information you use to make decisions.
Is this true? Is it possible to actually measure a difference between those firms who use CPM enabling technologies and those who don’t?

The Aberdeen Group thinks it is.
 In a new report, Aberdeen sees some substantial differences between those firms that have adopted CPM and those who have not.

Probably the most compelling factoid is the following:

More than 70% of companies who adopted some sort of CPM program generated high-impact improvements in key performance metrics, and these results were consistent across industry segments and company size:

•  Average Improvement from CPM Initiative:
• 5.0 percentage points gain in return on assets (ROA) 
• 4.9 percentage points gain in Percent Gross Margin

Regardless of how much faith you put into industry analysts opinions, this is pretty compelling stuff.
 

Filed under: Uncategorized, CPM Process Improvement, CPM Theory, CPM Results
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