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Market Definition

Market Overview

Corporate Performance Management (CPM) includes not only the processes used to manage corporate performance (such as strategy formulation, budgeting and forecasting), but also the methodologies that may drive some of the processes (such as the balanced scorecard or value-based management), and the metrics used to measure performance against strategic and operational performance goals. Although no single "correct" combination of processes, methodologies and metrics exists, these converge in CPM suites. These suites deliver functionality to support CPM processes, linking them to many methodologies. For example, some CPM applications display the results of the planning process in economic value-added format, or link them to balanced scorecards and then track actual performance against targets in the scorecard.

CPM is an evolutionary merging of business intelligence (BI) and enterprise resource planning (ERP), driven by the need for businesses to enable better financial and business performance visibility. Gartner's initial market sizing, based on end-of-year numbers for 2003, indicated that CPM was a $520 million market and is forecast to grow to more than $900 million by 2009 (see "Market Focus: Corporate Performance Management, Worldwide, 2003-2009").

Source: Gartner (October 2005)

                                                              

 

 

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Last modified: 03/19/08