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Business performance management (BPM) (also known as corporate performance management (CPM) [2] enterprise performance management (EPM), [3] [4] organizational performance management, or performance management) is a management approach which encompasses a set of processes and analytical tools to ensure that an organization's activities and output are aligned with its goals.
Administration can refer to the bureaucratic or operational performance of routine office tasks, [3] usually internally oriented and reactive rather than proactive. Administrators, broadly speaking, engage in a common set of functions to meet an organization's goals.
Business plan – Formal written document containing the goals of a business Business process – Systematic collection of tasks within a business; Business Process Modeling – (BPM) Activity of representing processes of an enterprise, so that the current ("as is") process may be analyzed and improved in future ("to be")
A business plan is a formal written document containing the goals of a business, the methods for attaining those goals, and the time-frame for the achievement of the goals. It also describes the nature of the business, background information on the organization , the organization's financial projections, and the strategies it intends to ...
Management by objectives (MBO), also known as management by planning (MBP), was first popularized by Peter Drucker in his 1954 book The Practice of Management. [1] Management by objectives is the process of defining specific objectives within an organization that management can convey to organization members, then deciding how to achieve each objective in sequence.
Business performance management and improvement can be thought of as a cycle: Performance planning where goals and objectives are established. Performance coaching where a manager intervenes to give feedback and adjust performance. Performance appraisal where individual performance is formally documented and feedback delivered.
The FLEX methodology involves four iterative steps to improve performance and align objectives: Plan: Formulating a strategy and aligning objectives among team members. Brief: Effectively communicating the plan to the execution team to ensure understanding. Execute: Implementing the plan whilst focusing on the defined objectives.
Agencies must prepare annual performance reports that review the agency's success or failure in meeting its targeted performance goals. The performance goals must cover each program activity made in the agency budget. [1] The Office of Management and Budget (OMB) is tasked pursuant to the GPRA with producing an annual report on agency ...
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