A recent study of the state of business performance management revealed fewer BPM implementations in 2010 than in the last two years. In its eighth year, the annual BPM Pulse survey identifies important trends in BPM initiatives.
This year, the study found that executives are still concerned about the economy but are shifting to longer-term strategies. Improved management reporting overrode other priorities for adopting BPM. BPM Partners' analysis finds that the business community is recovering from a "crisis mentality" to again focus on longer-term strategic concerns.
"The 2010 BPM Pulse seems to indicate we are still hungover from the economic woes of the last 18 months, but many companies do realize that BPM can help them weather the storm while preparing for brighter days ahead," said Craig Schiff, CEO, BPM Partners in a statement.
The 2010 survey showed a significant slippage in the percentage of respondents who either have BPM projects planned, in progress or just completed, falling from 2009's 81 percent to 73 percent, below even 2008's 79 percent. The main reasons given were lack of clarity regarding the benefits and lack of executive sponsorship. On average, companies are experiencing shorter implementation cycles, with only 15 percent requiring a year or more for an implementation. That result is down from 18 percent last year and from 31 percent in the previous year, 2008.
The free report is available at bpmpartners.com.
This story has been reprinted with permission from Information Management.
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