
Enterprise Performance Management needs a closed-loop process to be truly effective. And this process should:
- Bridge the gap between strategy and execution
- Support anyone in the enterprise in making better, faster, fact-based decisions
- Transform all of that data you have into usable insights that will cause more effective actions to take place
- Help align the enterprise on a common set of objectives, and have everyone focused on the right things
Each part of this closed-loop process should feed off of the other parts of the process. For example, performance targets (vetted and agreed on in scenarios and what-if models) should feed the planning process, and actual results should be compared to the commitments made (by business unit, by product line, by sales team) in that same planning process.
In EPM Done Right, I use the management cycle pictured here to Read more of this post