Is your company effectively aligned and managed to carry out your business strategy?

Common challenges & issues:

  • How do you most effectively align strategy, supporting business processes, and risk?

  • Existing performance management processes lack a coordinated, disciplined approach that results in unfocused efforts regarding key performance goals and metrics.

  • No prominent leader/owner of the performance management function.

  • A need to reduce the time and effort spent on collecting and compiling data.

  • A need to have a more efficient consolidation processes to enhance control processes in the organization.

Corporate Performance Management (CPM) consists of aligning corporate strategy to core business processes through management methodologies, so that strategy and business processes are transformed into actionable activities necessary to effectively manage operations, while generating the necessary metrics to improve the performance of an organization. Simply put, it is a method of operationalizing strategy, and creating operational effectiveness.

Until recently, business owners' method of periodically assessing the performance of their enterprises, solely oriented on monthly or quarterly financial reports, checking if objectives in their strategic plan were being met, and the targets in their budget exceeded. For years, executives have struggled to drive strategy down and across their organizations, as well as finding methods to measure efforts oriented at the long term health of the firm. Now, a hybrid model termed by Gartner in 2001 as Corporate Performance Management has emerged. CPM implementations utilize a hybrid of tools and methodologies which are selected based on the organizational culture, prior use and penetration of existing tools and systems, ease of integration, impact, and cost. Some of these methodologies and tools include balanced scorecard, strategy maps, activity-based costing, total quality management, activity based costing, six sigma, economic value-add, enterprise risk management and integrated strategic measurement.

Milton Alexander improves upon traditional CPM models by moving the results of CPM analysis into a risk and governance management system, for improved decision making, risk reduction, accountability, and performance.

How can we support you:

  • Strategy, business case development.
  • Operationalize strategy through alignment of business processes.
  • Align strategic planning, business plans, business unit level goals, and policies and procedures to reduce risk and achieve strategies.

  • Transparency and links between risk and governance methods, performance contracts and business plans, using the COGS™ application.
  • Creating and mapping a governance model which is consistent with the existing management framework, thereby clarifying accountabilities.
  • A Risk & opportunity based framework for each level/role in the organization.
    Policies and procedures that document how to use and execute the Performance Management process.
  • Integrate a single web portal and supporting database (COGS™) to access and manage performance management related information such as KPIs, business process control points, and business process maps.
  • Corporate Performance Management (CPM) Awareness Training.
  • Program Management of programs and application integration in support of CPM.
  • Compliance program and reporting design / redesign.
  • Effectiveness assessments and Future State Roadmaps for existing CPM programs.