Enterprise Performance Management

Why Trust Techopedia

What Does Enterprise Performance Management Mean?

Enterprise Performance Management (EPM) is a type of business planning that relates to business intelligence (BI), which involves evaluating and managing performance for an enterprise to reach performance goals, enhance efficiency or maximize business processes.

Advertisements

EPM is also known as Corporate Performance Management (CPM) or Business Performance Management (BPM). However, some experts consider EPM a BPM subset.

Techopedia Explains Enterprise Performance Management

EPM also relates to Enterprise Resource Planning (ERP), which involves reviewing available enterprise resources and determining how those resources are used to reach certain business goals. The business goals associated with ERP processes and EPM are often similar. For example, the use of staffing teams, new technologies or other existing resources may improve performance in a given set of business processes.

Those planning for EPM typically review performance metrics related to value and cost. For example, EPM may involve evaluating overhead costs and how those costs relate to performance goals. Those involved in an EPM process also may review return on investment (ROI). All of this information is used to determine how to optimize performance and create more profit or value for the enterprise.

Advertisements

Related Terms

Margaret Rouse
Technology Expert
Margaret Rouse
Technology Expert

Margaret is an award-winning technical writer and teacher known for her ability to explain complex technical subjects to a non-technical business audience. Over the past twenty years, her IT definitions have been published by Que in an encyclopedia of technology terms and cited in articles by the New York Times, Time Magazine, USA Today, ZDNet, PC Magazine, and Discovery Magazine. She joined Techopedia in 2011. Margaret's idea of a fun day is helping IT and business professionals learn to speak each other’s highly specialized languages.