What is Corporate Performance Management?
Corporate performance management, or CPM, is a practice that involves evaluating the financial and operational performance of a company and putting processes in place to improve the strategic decisions made by managers and leaders in the organization. It is usually undertaken in order to help the company achieve a certain goal or goals. How corporate performance management is practiced can vary by company, but usually includes the introduction of tools that allow management to set strategic goals, analyze overall company performance, manage performance, and monitor reporting accuracy. The quality of decisions made by organizational leaders can have a significant impact on outcomes for operations. For this reason, the use of corporate performance management can be helpful in facilitating better decision making. The practice can often improve the execution of strategy used by the organization and provide a foundation for measuring and monitoring the quantitative results of strategic deci
