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Scorecards, Dasboards, Data Mining, Data Warehouse. Which thing that contains all of them?
BUSINESS PERFORMANCE MANAGEMENT is the all encompassing system that contains all the above tools.
BPM is the abbreviation for business performance management. It is a business management approach that entails aspects of reviewing the overall business performance and determining how the business can better reach its goals. These activities are aided by software tools, called BPM tools.
BPM is often thought of as a business strategy that enables businesses to efficiently collect, aggregate and analyze data from various sources in order to take the most appropriate business action. It enables businesses to:
· Improve productivity
· Monitor and analyze business processes
· Automate tasks
· Increase efficiency
· Identify cost savings opportunities
· Generate new business
· Measure key performance objectives
· Analyze risks
· Predict business outcomes
Business performance management requires the alignment of strategic and operational objectives to the business activities in order to manage performance. By collecting and analyzing data, business managers are more informed about the company's position and can make better decisions as a result.
Business Intelligence Technology.
BI (Business Intelligence) contains all of them.
May be Either Knowledge Discovery Process or Management Information System.
Good Day!!!
It is exactly BIT - Business Intelligence Technology
Is it Dashboards ?
Dear Raafat Sallam,All of things are contained in the hand of Project Manager.
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