Understanding Business Performance Management
Business performance management is a way of monitoring the methods a company uses to reach its goals and then using data to find better methods.
What Is Business Performance Management?
Business performance management is the act of setting corporate goals, monitoring the methods used to achieve those goals, and then creating ways for managers to more effectively achieve those goals. By collecting and analyzing data, a company can determine what effects managerial changes had on performance and then alter those changes to help create a more effective process. The idea of business performance management is a broad concept, but it is best used to analyze specific goals and help a company to save on operating costs, while generating more revenue at the same time. The important thing to remember about business performance management is that it is used to improve the performance of personnel and management. The use of metrics is just a means to an end, with that end being higher profitability.