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Performance Management in an enterprise can refer to several distinct topics. With regard to employee performance, Performance Management describes the handling of employee performance evaluations, reviews and general feedback in a structured, well-organized manner.
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Performance Management - Links
When referring to business performance, Business Performance Management (BPM) refers to an enterprise's ability to build processes and applications that facilitate creation of goals, creation of operational strategies and the ability to monitor key indicators that provide timely and continuous feedback on whether the operational strategies are successful at implementation of the goals and objectives set by executive management.
There are a number of companies that offer enterprise Performance Management software solutions. When searching for Performance Management solutions, keep in mind two factors. First, there is a tradeoff between customization / service and price. Second, the ROI on performance software tends to be astronomical. The ability to easily monitor key high level indicators across a variety of departments greatly reduces reaction time for key decisions, and hence generates significant cost savings.
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