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.

Vangie Beal
Vangie Beal
Vangie Beal is a freelance business and technology writer covering Internet technologies and online business since the late '90s.
Get the Free Newsletter
Subscribe to Daily Tech Insider for top news, trends & analysis
This email address is invalid.
Get the Free Newsletter
Subscribe to Daily Tech Insider for top news, trends & analysis
This email address is invalid.

Related Articles

Embedded Analytics

Embedded analytics brings self-service business intelligence to everyday application users.

HRIS

Human resources information system (HRIS) solutions help businesses manage multiple facets of their workforce operations. They provide a central platform for human resources professionals...

Complete List of Cybersecurity Acronyms

Cybersecurity news and best practices are full of acronyms and abbreviations. Without understanding what each one means, it's difficult to comprehend the significance of...

Human Resources Management System

A Human Resources Management System (HRMS) is a software application that supports many functions of a company's Human Resources department, including benefits administration, payroll,...

ScalaHosting

ScalaHosting is a leading managed hosting provider that offers secure, scalable, and affordable...

HRIS

Human resources information system (HRIS) solutions help businesses manage multiple facets of their...

Best Managed Service Providers...

In today's business world, managed services are more critical than ever. They can...