Enterprise Performance Management (EPM) is a sort of commercial enterprise planning that pertains to enterprise intelligence (BI), which entails comparing and handling perFormance for an agency to reach overall performance dreams, enhance efficiency or maximize enterprise Procedures.
EPM is likewise referred to as Corporate Performance Management (CPM) or Business Performance Management (BPM). However, some experts remember EPM a BPM subset.
EPM also relates to Enterprise Resource Planning (ERP), which involves reViewing available organization assets and figuring out how the ones resources are used to attain certain commercial enterprise goals. The Business dreams associated with ERP tactics and EPM are regularly comparable. For Instance, the usage of staffing groups, new technology or different existing sources can also enhance performance in a given set of enterprise strategies.
Those planning for EPM commonly overview performance Metrics related to fee and fee. For example, EPM may additionally involve evaLuating overhead prices and how the ones prices relate to overall performance dreams. Those concerned in an EPM sySTEM also may assessment return on funding (ROI). All of this Data is used to determine a way to optimize overall performance and create extra income or value for the organisation.
When we refer to EPM as an acronym of Enterprise Performance Management, we mean that EPM is formed by taking the initial letters of each significant word in Enterprise Performance Management. This process condenses the original phrase into a shorter, more manageable form while retaining its essential meaning. According to this definition, EPM stands for Enterprise Performance Management.
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