What Is Business Performance Management?
The business world is constantly evaluating its methods to find business processes that are more efficient in terms of cost and the achievement of goals. The practice of creating metrics to measure performance is just one of the ways that business owners and managers attempt to get a better return on investment for their business processes.
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. The idea of monitoring management procedures to develop effective methods for reaching goals has been around since business first began.
Even the great warriors of ancient China understood the need to monitor processes and adjust based on the results. Business performance management was developed as a way to streamline this monitoring process and develop a more efficient way of achieving corporate goals.