Workflow is critical to a CPM application in the same way that it is critical to ERP. It is through workflow that users are directed and their attention focused onto their roles and responsibilities through the different performance management processes. The activities involved tend to be classified into the management processes.
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The central CPM business model requires multi-dimensional technology. The CPM business model will typically consist of the 7 dimensions.
Criticism is defined as “the expression of disapproval of something based on perceived mistakes.” FP&A is a learning process that creates insight into what organizations are doing and where they are going. Processes are not perfect; mistakes are likely to occur. As a result, FP&A practitioners need to recognize that their work is subject to criticism.
Last week I led a workshop on management reporting at the IMA Northern Lights Council’s annual seminar in Minneapolis. While there, I had the opportunity to sit in on several excellent presentations.
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