Wednesday, June 29, 2011

Corporate Performance Management (CPM): Strategic considerations before selecting software applications.

In this article http://goo.gl/MDW50 from the Smart Data Collective the author, Bernard Marr, advises a five step process for introducing CPM.  The last step, selecting an IT process and using it appropriately is a key success factor. CPM software applications facilitate data integration, process alignment, analysis and reporting to a level that would never be possible without automation.  A comprehensive list of CPM software vendors is also provided by the Advanced Performance Institute.

In this article Bernard defines the following steps:
  1. Map strategy
  2. Collect meaningful data
  3. Ensure strategic alignment
  4. Create a positive learning culture
  5. Automate appropriately



   

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