Corporate Performance Management
CPM is an umbrella term that describes all of the processes, methodologies, metrics and systems needed to measure and manage the performance of an organization.
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Components of CPM include all the practices, technologies, methodologies and metrics used to gather and apply relevant information. CPM software includes forecasting, budgeting and planning functions, as well as graphical scorecards and dashboards to display and deliver corporate information. Being responsible for profitability, growth, shareholder value, strategy, regulatory compliance, and investor relations, executives must prioritize strategic goals, modify plans based on financial and operational changes, and empower all stakeholders to make more calculated decisions. |
Understanding changes to corporate performance requires monitoring, analysis, risk assessment, timely reporting, and action based on information coming from many different parts of the business – including external partners, vendors, and customers.
