Enterprise Performance Management is a practice that usually involves multiple tools (BI, BAM, CEP, etc.), methodologies (Six Sigma, Total Quality Management, Activity-Based Costing, etc.), and practices that blend both tools and methodologies (Balanced Scorecard, Integrated Strategic Management, etc.).
As Sun Tzu said in The Art of War: “Measurement owes its existence to Earth; Estimation of quantity to Measurement; Calculation to Estimation of quantity; Balancing of chances to Calculation; and Victory to Balancing of chances.” The more comprehensive, more integrated, and more “balanced” your Enterprise Performance Management practice, the more ...
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