What is Operational Performance Management (OPM), and what are best practices, tools and online templates for teams and organizations?
Definition of Operational Performance Management (OPM)
Operational Performance Management (OPM) is the alignment of all departments within an organization to ensure that they are working together to achieve a common set of business goals. This includes all activities required to keep a business running productively across the organization.
Description of Operational Performance Management (OPM)
Effective Operational Performance Management (OPM) systems improve the responsiveness, throughput, quality, cost, and efficiency of systems within an organization. OPM typically includes process optimization, operations intelligence, and forecasting, and often fits with other internal systems to improve the reliability and availability of physical assets while minimizing risk and operating costs.
Most OPM systems are software programs that track three key components of a company’s health:
- Operational Intelligence: Monitors key performance indicators over time to proactively alert operators when performance drops.
- Forecasting and What-If Analysis: These features perform troubleshooting to ascertain the conditions and variables that result in optimal production. The software can then predict deviations from the established baseline and recommend opportunities for improvement.
- Process and Production Optimization Features: Use all of the data captured above to automate process changes to stabilize performance and ensure consistency of quality and throughput.
Tools & Templates
The typical tools used for Operational Performance Management (OPM) are software programs, spreadsheets, presentations and other strategic documents.
upBOARD's Online Operational Performance Management (OPM) Tools & Templates
Unlike most traditional Operational Performance Management (OPM) processes, upBOARD’s online Operational Performance Management (OPM) tools allow any team or organization to instantly begin working with our web templates and input forms. Our digital platform goes far beyond other software tools by including progress dashboards, data integration from existing documents or other SaaS software, elegant intuitive designs, and full access on any desktop or mobile device.
Learn more about upBOARD’s portfolio of other operations best practice tools and templates, including:
5 S System, Brainstorming, Business Process Re-engineering, Gemba Walk, House of Lean, House of Quality, Huddle Boards, Just in Time (JIT), Kaizen, Kanban Boards, Key Performance Indicators, Leading and Lagging Indicators, Lean Manufacturing, Objectives & Key Results, Operational Performance Management, Outsourcing Decision-Matrix, Performance-Based Budgeting, QDIP Board, RATER Model, Six Sigma, SQDC Board, SQDCM Board, Supplier Relationship Management (SRM), Theory of Constraints (TOC), Total Quality Management (TQM), Value Stream Mapping, and Zero Defects.