Corporate Performance Management (CPM) is all about making decisions on the operation of both the business model and any associated strategy improvement initiatives. This article gives an overview of the CPM Framework.
Michael Coveney
Michael Coveney spent 40+ years in the software analytic business with a focus on transforming the planning, budgeting, forecasting and reporting processes. He has considerable experience in the design and implementation of Business Analytic systems with major organisations throughout the world. He is a gifted conference speaker and author where his latest book ‘Budgeting, Forecasting and Planning In Uncertain Times’is published by J Wiley. His articles have also appeared on www.fpa-trends.com, that encourages innovation in FP&A departments.
Author's Articles
In this blog series, the author provides a comprehensive approach to the design, construction, roll-out and maintenance of a modern driver-based planning solution. Here, he focuses on determining the decisions the model is to support and outlines why understanding the factors on which the decisions will be made is crucial.
In this series of blogs, the author will be providing a comprehensive approach to the design, construction, roll-out and maintenance of a modern analytic driver-based model. He also outlines several necessary requirements for building this model successfully.
There are many software products that claim to support CPM, but often they only support some aspects, for example financial planning and reporting. One of the issues is that the term CPM is synonymous with budgeting, forecasting and management reporting which by itself cannot provide a complete solution.