RonDimon |
I think CPM (and BPM, EPM, IPM) have always included BI, Analytics & Reporting in their definition, vision and several vendors’ expression of that vision in their more recent products. To get from Strategy to Execution, CPM has always been more than just planning & modeling, and needed monitoring & analytics (BI) and both statutory and management reporting to complete the cycle.
Secondly, there has always been an unfortunate acronym problem in this space. Many regard BPM as Business Process Management, not Performance management. Enterprise Performance Management (EPM) can be confused with Enterprise Project Management (per Microsoft and others). CPM can also be Critical Path Method in project management (and for me, Control Program for Microcomputers - which is the O/S I used before MS-DOS).
So we’ve coined the term xPM, where the “x” can be any of the C, B, E, I adjectives. And can also mean “x”tended to include Financial & Operational systems, processes, initiatives, etc. (see my blog entry at )
The term “Performance Management” by itself, to many, means an HR process of evaluation, rewards and recognition (eg: your annual performance management review). There’s also the pure IT performance management around systems response time and bandwidth utilization (like Symantec’s products that they recently sold off). So I think just “PM” will be confusing.
I think, in the end, the term “EPM” will win out, since that’s what the big dogs (Oracle & SAP) are using. Independent thinkers and software-agnostic points of view are invited to use xPM to be all-encompassing.
-Ron
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MargaretRouse |
You’ve convinced me. Performance management is too broad. I’m familiar with BPM, CPM and EPM but you lost me on IPM. What does IPM stand for?
(I’m also going to try and get a webmaster to fix your links — I apologize for all of you who will have to copy and paste them to get to Ron’s blog)
MargaretRouse |
Duh. I see it says on your blog post “Deloitte calls it IPM (Integrated Performance Management.”
RonDimon |
And I just remembered another one: SPM, for Strategic Performance Management (from the book of the same name by Prof. Andy Neely)
Thanks for fixing the links.
-Ron
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