Performance management uses both methodology and technology to help motivate and manage your organization by aligning execution with strategy. A performance management solution can help organizations align organizational units, operational processes and individuals with pre-defined goals and objectives, born of a common strategy. With the continual loop of insight provided by performance management solutions, organizations can easily manage their ongoing effectiveness to improve overall performance against their goals and objectives.

Business Intelligence and Performance Management
Business intelligence is technology that helps you measure and monitor your organization's performance to understand organizational units, business process, and individuals. Dashboards and reports provide convenient presentations for business intelligence. On the other hand, performance management combines both technology and methodology - explicitly tied to strategy - to help companies motivate and manage an organization by understanding, optimizing and aligning organizational units, business processes, and individuals from a strategy with goals and objectives to execution. Strategy plans, scorecards, dashboards, and reports are all needed for performance management.

Dashboards and Scorecards
Dashboards are designed for specific functional roles to monitor progress against individual objectives while scorecards help organizations manage progress against both short and long term strategy. When used for performance management, scorecards also typically include views that track progress to operational program milestones.

Strategy Plans
A strategy plan is a visual representation of an organization's strategy and includes the processes and systems needed to implement the strategy. Strategy plans are used to communicate, motivate and align the organization to ensure successful execution. Strategy maps (such as those used in Balanced Scorecard solutions) and cause-and-effect diagrams (such as fishbone or weibull) are all types of strategy plans.

The benefits of applying Performance Management Balanced Scorecard can be summarized as follows:
> Balanced Scorecard helps align key performance measures with strategy at all levels of an organization.
> Balanced Scorecard provides management with a comprehensive picture of business operations.
> The methodology facilitates communication and understanding of business goals and strategies at all levels of an organization.
> The balanced scorecard concept provides strategic feedback and learning. Balanced Scorecard helps reduce the vast amount of information the company's IT systems process into essentials.