8 Principles of Enterprise Performance Management

This is a list of what most of my clients tell me they want.  I propose that this list is exactly what EPM delivers.

So unless I hear otherwise, these are the 8 principles of enterprise performance management:

1. We have a lot of data, we’re getting more every minute, and we want to use it to compete better;
2. To use all that data, we want to gather it and transform it so that it makes sense;
3. We want new insights into our business, based on the facts gleaned from the data;
4. We want to know what levels of performance are possible in our industry, for our business, in the future;
5. We want accountability at all levels of the organization for achieving what’s possible;
6. We want uniformity of the facts so we can speak a common business language;
7. We want a closed-loop management system that supports continuous performance improvement;
8. We want all of this to align with and support our most important business objectives.

I would say this is almost perfectly supported by the EPM management operating system.