GPM
Government Performance Management
GPM is a structured approach to implementing government budget management systems
The public sector has relied on complex and expensive integration projects using enterprise performance management software products combined with a multitude of add-on tools to develop budget management systems that suit the way governments budget.
Implementations have often resulted in unfocused requirements definition, scope creep, budget overruns, complex systems and disappointing solutions.
Enterprise performance management software products designed for the way corporations budget are difficult to adapt to the specific requirements of the public sector. With the right approach they work perfectly well.
In response to the need for a better project approach, the CFO Group developed GPM - Government Performance Management.
GPM is a robust project approach to help governments procure and deliver budget management solutions that are easy to use, low risk to implement and cost effective to own. GPM is independent of the enterprise performance management software platform chosen. GPM is supported by a pre-built sample application on an enterprise performance management software platform for demonstrating what is possible and used as a guide to scope the project.
GPM approach includes:
Multi-year budgeting
Multi-year budgets across the forward estimates
Proposal based budgeting
Incremental proposal based budget formulation and adjustments
Periodic monitoring
Budget year phasing and periodic monitoring with dashboards, reports and commentary
Financial reporting
From budget papers to annual reports
Sample application
Follow the GPM sample application to stay on scope for fast, efficient and low risk implementations
Easy to maintain
By using a single enterprise performance management product of your choice, on-going maintenance will be easy
What the experts say
“In the world of government budgeting and reporting systems, Government Performance Management (GPM) by CFO Group is a real game changer.”
- Tim Youngberry - international specialist in public financial management including the financial, budgeting and processing systems that underpin government finances. Tim Youngberry has worked with the federal and state governments in Australia as well as being a consultant with the International Monetary Fund where he has undertaken assignments in East Africa, China and Latin America.