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:

1. Operational Intelligence: Monitors key performance indicators over time to proactively alert operators when performance drops.
2. 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.
3. 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.

The typical tools used for Operational Performance Management (OPM) are software programs, spreadsheets, presentations and other strategic documents. Get started with our Operational Performance Management template. 

How to use it: 

1. Review the different categories and enter specific improvement opportunities for each.  
2. Use research, interviews, or other inputs to ensure opportunities reflect specific problems and areas of improvement.  
3. For each area, identify key performance indicators to track progress. 
4. Create an action plan to implement your OPM strategies and metrics. 

Unlike most traditional Operational Performance Management (OPM) processes, Praxie’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.