What is EPM ?

Enterprise Performance Management

Enterprise performance management (EPM) is the integration of multiple managerial methods to improve an organization’s strategic and operational performance. -Gary Cokins, Executive In Residence – Institute of Management Accountants (http://www.imanet.org)

The Managerial Methods mentioned below – run on software such as ERP systems, CRM systems, Business Intelligence / Analytics systems, Visualization platforms, cloud-based analytics + workflow solutions etc and need the right CULTURE and CHANGE MANAGEMENT to yield SUPERIOR VALUE CREATION as a RESULT.

The multiple managerial methods include (not limited to)

  • Driver-based Business Planning, Rolling Forecasts
  • Activity Based Costing and Time Driven Activity Based Costing
  • Strategy Maps and Balanced Scorecards
  • Enterprise Risk Management Integrated into the Strategic Planning process

EPM is NOT a new methodology, but an integrating framework of existing methodologies and tools. It is as much about making the components work together in a co-ordinated sequence – as it is about the individual components themselves – to deliver the promise of value creation for all stakeholders.

The sequencing of the methods is unique to each organization’s circumstances – including it’s Mission, Vision and Strategic objectives.

EPM-Gary

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