ISDS 2001 : ISDS Final Study Guide
15 Mar 2019
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Document Summary
Bpm encompasses a core set of processes, including financial and operational planning, consolidation and reporting, modeling, analysis, and monitoring of kpis, linked to organizational strategy. Bpm helps organizations translate a unified set of objectives into plans, monitor execution, and deliver critical insight to improve financial and operational performance. Bpm refers to the business processes, methodologies, metrics, and technologies used by enterprises to measure, monitor, and manage business performance. Bpm is an enterprise wide strategy that seeks to prevent organizations from optimizing local business at the expense of overall corporate performance; concentrates on enterprise-wide view. The closed-loop process (the bpm cycle) links strategy to execution in order to optimize business performance. Four steps of the closed-looped process: strategize, plan, monitor, act and adjust. It requires establishing initiatives and plans to achieve those goals. It requires monitoring actual performance against the goals and objectives. Mission, values goals, objectives, incentives, strategy maps: plan. Budgets, plans, forecasts, models, initiatives, targets: monitor.
