View source for Financial Performance Management (FPM)

== What is Financial Performance Management (FPM)? ==

Financial performance management (FPM) refers to the process of planning, monitoring, and controlling the financial resources of an organization in order to achieve its financial and strategic objectives. It involves the use of financial tools and techniques to analyze and understand the financial performance of the organization and to identify areas for improvement.

FPM typically involves the development of financial plans and budgets, the establishment of financial performance targets and benchmarks, and the monitoring of financial performance against these targets. It also involves the identification and management of financial risks, as well as the optimization of financial resources in order to maximize financial performance.

FPM can be applied to a variety of organizations, including businesses, government agencies, and nonprofit organizations. It is an important aspect of financial management, as it helps to ensure that the organization is able to achieve its financial and strategic objectives and to maintain a strong financial position.

Overall, financial performance management (FPM) is the process of planning, monitoring, and controlling the financial resources of an organization in order to achieve its financial and strategic objectives. It involves the use of financial tools and techniques to analyze and understand the financial performance of the organization and to identify areas for improvement, and it is an important aspect of financial management that helps to ensure that the organization is able to achieve its financial and strategic objectives and to maintain a strong financial position.



==See Also==
*[[Financial Management and Control]]





==References==
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