CORPORATE PERFORMANCE MANAGEMENT (CPM)

Manage to Success
Many organizations focus on dashboards and scorecards as a way to implement corporate performance management (CPM). The scope of CPM, however, is much larger and should encompass an organization's overarching strategy. Sense Corp has the expertise to assist organizations with both the process and technology changes necessary to implement successful CPM solutions.

Leverage Your Data to Measure the Success
Organizations set up business strategy plans and implement these through executing tactical objectives. To understand and effectively promulgate these objectives, many companies use performance management frameworks, including cause-and-effect modeling and balanced scorecards.

These frameworks help establish a common understanding of the interrelationships of individual goals and overall corporate objectives. They also lay the foundation for key performance indicators (KPIs) to track progress toward operational goals. Organizations that truly embrace CPM integrate personnel evaluation and compensation to ensure that everyone operates on the same "game plan."

While process changes can be substantial, the success of CPM implementation is tied to a solid information foundation. KPIs are typically presented to executives and managers through the use of dashboards and scorecards. These KPIs need to be developed from reliable, valid, and timely data, and aggregated to support both summary views and drill-down to detailed reporting. A robust data warehouse is critical to CPM success.