Business Performance Management Evaluation Center

What Is Business Performance Management?

Business Performance Management (BPM) is a set of processes that help organizations optimize business performance. BPM is seen as the next generation of business intelligence (BI). BPM is focused on business processes such as planning and forecasting. It helps businesses discover efficient use of their business units, financial, human, and material resources. Business performance management should not be confused with business process management, also known as BPM.

Business Performance Management Business Drivers

• the need to consolidate corporate financials across one or multiple organizations (i.e., acquisitions)
• the need to plan and develop strategies to manage performance across the organization (i.e., sales management and planning across various geographic regions)
• the need to improve financial decision making by giving organizations clear views and links between financial and operational data
• the need to meet compliance standards

Business Performance Management Benefits

• centralized view of financial data and functions
• meeting compliance standards
• financial planning that takes operations into account

Business Performance Management Risks

• Identify the appropriate platform needed to provide accurate query performance. This includes the amount of data captured, manner and frequency of data uploads, as well as what type of server and database structure will be used.
• Underestimating the required number of users can lead to performance issues, including slow query performance.
• It is critical to identify the appropriate data and to make sure the data is cleansed. BI tools are only as good as the data used.
• Driving the project from IT and not from business units is a recipe for failure--instead start by identifying the business requirements and then developing a set of tools to meet the users' needs for those requirements.
• The concept of "build it and they will come" is likely to fail. Just building a data warehouse does not guarantee its usage or that the correct data is captured

Why Use the Business Performance Management Evaluation Center?

• Compare which products support the right mix of reporting, analytics, business performance management, data warehousing, and workflow requirements for your company.
• Evaluate predictive analytics and forecasting support for your industry.
• Shortlist vendors based on appropriate data integration capabilities and technical fit.

Most Requested Research Related to Business Performance Management

• Business Intelligence Success, Lesson Learned
   
• Business Intelligence: Its Ins and Outs
   
• Factors Inhibiting the Widespread Adoption of Business Performance Management
   
• Business Performance Management Basics: An Overview of Business Performance Management and Its Benefits to the Organization
   
• Business Intelligence Research Article Archive
   

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