Performance Management

Performance Management Advisory Services includes an assessment of existing methods and processes and recommending improvements via implementation of strategy maps and balance scorecard methodologies to align strategy and execution, adoption of real-time performance dashboards, and enhancing employee engagement.

Corporate Performance Management (CPM), sometimes referred to as Business Performance Management or Enterprise Performance Management, encompasses the methodologies, metrics, processes, and systems used to monitor and manage an organization's business performance. Advisory services in this realm help organizations set up, refine, or optimize their CPM systems and practices to align with business goals and improve overall performance.

By leveraging Performance Management Advisory Services, our clients achieve better alignment between strategy and execution, make informed decisions, and drive a culture of performance and accountability. These services typically combine expertise in business strategy, analytics, and technology to deliver comprehensive solutions.

Components of Performance Management Advisory:

• Strategy Development: Assisting organizations in defining their vision, mission, and strategic objectives; Crafting business strategies that align with long-term goals and market dynamics.

• Key Performance Indicators (KPIs) Design: Helping organizations identify, define, and implement KPIs that align with their strategic objectives; Ensuring that KPIs provide a holistic view of performance across functions and levels.

• Balanced Scorecard Implementation: Designing and deploying balanced scorecards that provide a comprehensive view of performance across financial, customer, internal process, and learning & growth perspectives.

• Budgeting, Forecasting, and Planning: Assisting in the design and implementation of effective budgeting and forecasting processes; Leveraging tools and methodologies for scenario planning and predictive analytics.

• Performance Reporting and Dashboards: Developing tailored reporting systems and interactive dashboards that provide real-time insights into performance metrics; Ensuring that decision-makers at all levels have access to relevant and actionable data.

• Financial Planning & Analysis (FP&A): Annual and multi-year financial plans, budgeting, and variance analysis.

• Performance Review and Analysis: Facilitating periodic performance review sessions; Analyzing performance data to identify trends, gaps, and areas of improvement.

• Process Improvement for CPM: Streamlining Corporate Performance Management (CPM)-related processes to ensure efficiency and accuracy; Implementing best practices in data collection, validation, and analysis.

• CPM Technology and Tool Selection: Guiding organizations in selecting the right CPM software and tools that align with their needs; Assisting in the deployment, customization, and integration of these systems.

• Change Management for CPM Initiatives: Supporting organizations in managing the human and cultural aspects of CPM transformation; Offering training, communication strategies, and stakeholder engagement initiatives.

• Risk Management and Compliance: Integrating risk management into the CPM framework; Ensuring that performance management processes comply with industry regulations and standards.

• Continuous Improvement for CPM: Establishing mechanisms for the ongoing refinement of performance management practices; Encouraging a culture of continuous learning and adaptation.

• Training and Capacity Building: Offering training sessions and workshops on various aspects of CPM, from strategy alignment to tool utilization; Building internal capabilities to ensure the sustainability of CPM initiatives.