A Corporate Performance Management consists of a set of management and analytical
processes that are supported by technology which enable businesses to define strategic
goals and then measure, and manage performance against those goals. Some of the
Corporate Management Processes include financial planning, operational planning,
business modeling, consolidation and reporting, analysis, and monitoring of key
performance indicators. The form contains standard language; however, additional
terms and conditions may be added to it, making it fully customizable to fit the needs of
the user. Use this form when trying to measure a corporationâ€™s performance against the
goals it has set for itself.
Corporate Performance Management (CPM):
â€œCorporateâ€ Performance Management (CPM) involves Process, Information, and Technology
for enterprises of all dimensions and structure to steer sustainable performance growth. CPM
includes tactical planning, forecasting, budgeting, workflow, modelling, reporting, scenario
planning, KPI monitoring, profitability analysis and consolidation. CPM tackles both procedural
and financial presentation to be included in the process of data collection, data analysis and
reporting in a combined way for business executives, administrators, and employees throughout
all the levels of an organization.
Business performance management
(BPM) - Business performance management is a set of managing and analytical procedures that
facilitate the performance of an organization so that it can be managed with a vision to achieve
one or more perceived goals. Terms used to denote BPM comprise "CPM - corporate
performance management" and "EPM - enterprise performance management". However, if we
observe BPM and CPM as similar terms, BPM would be used as the more comprehensive term.
The acronym "BPM" can also be confused with the term "business process management".
Hence, the use of terminologies like "corporate performance management" or "enterprise
performance management" should be done in order to avoid confusion (Frolick, 2009).
BPM has 3 major actions:
1. Selection of objectives.
2. Measurement of information pertinent to an administrationâ€™s development against these
3. Taking note of the interferences made by administrators in the light of this information in
order to improve further performance as per these objectives.
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Corporate Performance Analysis (In Brief):
To endure modern competitive environment, enterprises need proper service, application,
business tactics and exclusive ways of utilizing technology in order to be ahead of their
opponents and be rewarded with bigger revenues. In an unpredictable business setting where
product lifecycles are contracting and international markets make it easier for new opponents to
capture markets, it becomes significant for the organization to carry on without being
competitive. (Michael Comshare /Coveney, 2003)
In this field one more business name which is known as "Corporate Performance Management"
or CPM which is its acronym . CPM means "the process, methodology, metric and procedure
utilized to supervise and handle the growth of a venture.â€ But in various areas CPM doesn't
appear to be new. After all, enterprises are constantly required to supervise and advance their
growth. So in reality what makes CPM different from conventional routes of management is that
traditionally, corporate growth study has determined on an enterpriseâ€™s monetary growth -
generally known as its â€œlaggingâ€ indicator. This is a â€œrear-view mirrorâ€ process of study which is
dependent on truthful monetary statements - hence about 20% of CFOs say that they undergo
more stress to exercise aggressive book-keeping than they did in the past. Even with serious
illegal penalties which are imposed at Sarbanes-Oxley, about 56% CFOs report that deliberate
miss-statement of financial reports are possible. Over 2 years after the channel of Sarbanes-
Oxley, additional 1,300 people daily call the SEC to complain about 30% monetary and security
frauds which lead to enforcement conducts. As monetary re statements prolong to climb,
investors now understand that the â