ENTERPRISE PERFORMANCE MANAGEMENT

LEARNING OBJECTIVES

Enterprise performance management allows companies to link their strategies to their plans and execution. Performance management revolves around a regular management dialogue between the business and the finance function. Throughout the process data is gathered and processed allowing for quick and better decisions to adapt the business to reach commercial, operational and functional targets set out. It is a rather broad concept that requires clarification in order to be put into practice effectively. This module provides you the framework needed for correct implementation.

How do you implement Enterprise Performance Management? It is a broad concept that is clear from a conceptual point of view for the finance professional but not that easy to implement and integrate. It is a systematic, integrated management approach that links enterprise strategy to core processes and activities.

By providing planning, budgeting, analysis and reporting capabilities, EPM allows the business to be “run by the numbers” and  offers measurements to drive management decisions. 

It is therefore a specific management approach; a way of steering, perhaps even a corporate culture. But it is also about planning and comparing; in short, action plans need to be defined and followed up.

In order to be able to implement an effective performance management you need resources: skills (people), systems (digital) and processes. Skilled people who understand the business drivers allowing for quick detection of divergence. Performant systems that provide reliably and meaningful data allowing for quick processing of information. In addition, you need integrated processes installing regular business reviews allowing for early warning signs. Finally, an organizational structure needs to be in place that logically links processes, systems and people with the business goals. Business goals are defined within the enterprise strategy, which is at the center of the enterprise performance management.  Finally a structured communication on enterprise performance towards the top management and towards the operational business layers is of utmost importance to get the whole company aligned towards the right axis of actions. 

Communicating and integrating is not done on command, matching processes and systems to each other is also not that simple. And in addition to all that, the business strategy can change on a regular basis. As a CFO you therefore need a number of practical solutions in addition to the above-mentioned undeniable truths.

This highly interactive 2-day module concentrates on the processes, tools and techniques of enterprise performance management. Supported by practical exercises and case studies this module will give you the knowledge and ability to understand an implement the key aspects of EPM. You will have a much better understanding of how the finance function can be a true value partner for the business through EPM.  

DAY 1

Session 1 – Introduction to Enterprise 

Performance Management (CPM)

You get to know the concept of EPM. You will learn the benefits of a EPM approach and the steps of the EPM staircase. In addition, you will learn how a company should create a measurable vision and constantly communicate this vision to several stakeholders.

 

Session 2 – CPM Framework

You discover how to create a more fact-based transparency on drivers for value creation and root causes for performance gaps: what is value and how to drive value.

• Overall methodology / framework

• Financial and operational modelling: operational and financial value drivers

• Strategy development & translation

• Implementing a powerfull management dialogue: budgeting - forecasting - actual closings

• Tools: BI, EPM software, benchmarking tools

ABOUT THE FACULTY

ELKE ROBBRECHT

Elke has a civil engineering (VUB) background, which she completed with an MBA from Solvay Brussels School (2004) and Corporate Entrepreneurship at Stanford (2018). She has worked in several international positions within GE and ENGIE and is since 2018 Group Chief Performance Officer for ENGIE based in Paris.  

ERIK JAGERS

In 1999, Erik attained a master’s degree in Commercial Sciences and International Relations at the Lessius Hogeschool of Antwerp. He worked in North America, Slovakia and North Asia over a period of approximately 10 years. Last year, he found his way back to Belgium and took on the position of VP Group Control at Bekaert. 

MORE INFO

HOW TO GET THE MOST OUT OF YOUR TRAINING

Combine this module with modules “Managing growth”, “Innovation” and  “Analytics” to become the "Chief Value Officer" of your company.

Solvay Brussels School

Franklin Rooseveltlaan 42

1050 Brussels

 

The Solvay building is located in the green heart of Brussels, on the edge of the beautiful Ter Kameren forest and a 15-minute walk (or 5 minutes by public transport) from the bustling center of Brussels. If desired, there are numerous
accommodation options (hotels and (air) bnb) in the neighborhood and in the center of the city. Need help?  Do not hesitate to contact us.

1.650 euro, excl VAT

Other price formulas: 

  • You can choose to follow this module in the context of the EMF programme. If you complete all 15 modules in a period of 15 subsequent months, then you pay € 16.000. If you spread it over a period of 3 years, then you pay € 18.000. 

  • Five Module package: 7500 euro / 5x2 modules of your choice. 

  • In-company:  This training personalized as part of your in company: good idea! Call us. 

NEXT TRAINING DATES

JUNE 2020 11-12

 

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