Enterprise Performance Management

Enterprise performance management (EPM), also known by the names corporate performance management (CPM)and business performance management (BPM), is a strategic approach to improving business performance. Gartner Inc. defines EPM as, “the methodologies, metrics, processes, and systems used to monitor and manage the business performance of an enterprise. EPM in short represents the strategic deployment of business intelligence solutions.

There are various methodologies for implementing EPM. It gives companies a top down framework by which to align planning and execution, strategy and tactics, and business unit and enterprise objectives. Some of these are six sigma, balanced scorecard, activity-based costing, total quality management, economic value-add, and integrated strategic measurement. The balanced scorecard is the most widely adopted performance management methodology. Methodologies on their own cannot deliver a full solution to an enterprise's CPM needs. Many pure methodology implementations fail to deliver the anticipated benefits because they are not integrated with the fundamental CPM processes.

source: wikipedia