BPM - business performance management
BPM is the abbreviation for business performance management. It is a business management approach that entails aspects of reviewing the overall business performance and determining how the business can better reach its goals. These activities are aided by software tools, called BPM tools.
BPM is often thought of as a business strategy that enables businesses to efficiently collect, aggregate and analyze data from various sources in order to take the most appropriate business action. It enables businesses to:
Business performance management requires the alignment of strategic and operational objectives to the business activities in order to manage performance. By collecting and analyzing data, business managers are more informed about the company's position and can make better decisions as a result.
Successful BPM enables mangers to identify problems and produce more accurate and reliable forecasts. Business performance management is also used to analyze risks and predict business outcomes.
Stay up to date on the latest developments in Internet terminology with a free weekly newsletter from Webopedia. Join to subscribe now.
The following facts and statistics capture the changing landscape of cloud computing and how service providers and customers are keeping up with... Read More »Facts about Computer Science: Education and Jobs
The following computer science facts and statistics provide a quick introduction to the changing trends in education and related careers. Read More »Texting & Chat Abbreviations
From A3 to ZZZ this guide lists 1,500 text message and online chat abbreviations to help you translate and understand today's texting lingo. Read More »
Learn about each of the five generations of computers and major technology developments that have led to the computing devices that we use... Read More »Computer Architecture Study Guide
Computer architecture provides an introduction to system design basics for most computer science students. Read More »Network Fundamentals Study Guide
Networking fundamentals teaches the building blocks of modern network design. Learn different types of networks, concepts, architecture and... Read More »