A bar chart, also known as a bar diagram, is a graphical representation of statistical data using rectangular bars with lengths proportional to the values they represent.
Business Performance Management (BPM) is a set of performance management and analytic processes that enables the management of an organization's performance to achieve strategic and operational goals.
Corporate Performance Management (CPM) encompasses the methodologies, metrics, processes, and systems used to monitor and manage the business performance of an enterprise. CPM is a form of business intelligence used to gauge and manage organizational performance to achieve strategic goals and corporate initiatives.
Degression refers to a tendency to descend or decrease; it implies a progressive decline in an item, such as value, over time. An example includes the deterioration in a company’s market share for its product line.
An Earn-Out is a financial agreement used in mergers and acquisitions (M&A) where supplementary purchase payments are made to the seller contingent upon the acquired company achieving certain future financial goals, typically based on earnings, revenues, or other performance metrics.
Enterprise Performance Management (EPM) is a framework used by organizations to monitor and manage their performance against key business objectives. It encompasses strategies, tools, and processes that provide comprehensive insights into business performance.
The financial perspective focuses on how businesses can meet their goals in terms of profitability, growth, and shareholder value. It is one of the key facets of the Balanced Scorecard framework.
An individual or organizational objective target to be achieved within a particular time period. Organizational goals, for example, may include becoming number one in market share of a particular product within a specified timeframe.
The internal business-process perspective is a part of the balanced scorecard framework, focusing on the internal operations that enable companies to deliver value to customers and shareholders. This perspective examines the efficiency and effectiveness of internal processes and seeks to improve them continually.
Lagging measures are performance metrics that reflect past outcomes and provide insights into how well business strategies and operations have performed historically.
Overshoot refers to the phenomenon where a specified target or goal, such as an economic target, earnings projection, budget, or any predefined metric, is surpassed, often leading to unanticipated consequences.
Pay for Performance is a salary scheme where employees accept a lower base pay in exchange for bonuses based on meeting production or other organizational goals.
Productivity measures the relationship between the quantity and quality of units produced and the labor per unit of time.
Standard performance refers to a predetermined level of performance for an operator or a process used as a basis for determining standard overhead costs. This metric helps in measuring efficiencies and productivity in operations.
