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Business Performance Management

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ALSO CALLED: Performance Management, EPM, Business Process Optimization, Enterprise Performance Management, Corporate Performance Management (CPM), CPM, BPM
DEFINITION: An integration-centric business process management suite (IC-BPMS), also called integration-centric BPM, is a comprehensive approach to building and upgrading applications and Web services that combines the attributes of business process management (BPM) and service-oriented architecture (SOA) to keep pace with changing market conditions and requirements.BPM is a systematic approach to making business  … 
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BUSINESS PERFORMANCE MANAGEMENT DEFINITION (continued): … An integration-centric business process management suite (IC-BPMS), also called integration-centric BPM, is a comprehensive approach to building and upgrading applications and Web services that combines the attributes of business process management (BPM) and service-oriented architecture (SOA) to keep pace with changing market conditions and requirements.BPM is a systematic approach to making business processes effective, efficient and adaptable. SOA defines the ways in which computing entities such as programs interact on behalf of one another. IC-BPMS tools support model-driven development (MDD). This minimizes overhead and allows for system artifact reuse, which can streamline the evolution of application functionality. In addition, MDD encourages coordinated efforts among personnel with diverse skills and varying levels of experience.
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