Showing posts with label Business Performance Management. Show all posts
Showing posts with label Business Performance Management. Show all posts

Business Performance Management

1.    Define BPM.
“A framework for organizing, automating, and analyzing business methodologies, met-rics, processes, and systems to drive the overall performance of the enterprise. It helps organizations translate a unified set of objectives into plans, monitor execution, and deliver critical insight to improve financial and operational performance.”

2.    How Does BPM differ from BI? How are they the same?
BPM is an outgrowth of BI and extends it. BI needs to be extended to support BPM properly.
• BPM is promoted and sold by the same companies that market and sell the BI tools and suites.
• BI has evolved so that many of the original differences between the two no longer exist (e.g., BI used to be focused on departmental rather than enterprise-wide projects).
• BI is a crucial element of BPM.

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