The Monte dei Paschi di Siena “Controlling Data Farm”, the CPM of the Oldest Bank in the World

Stefano Tonchia () and Luca Quagini ()
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Stefano Tonchia: Università di Udine
Luca Quagini: SDG Group

Chapter Chapter 8 in Performance Measurement, 2010, pp 113-133 from Springer

Abstract: Abstract This chapter reviews the Corporate Performance Management (CPM) project realised to provide a synthetic and complete way of measuring the performance of the MPS Group, the oldest bank in the world. The MPS Group made an important organisational choice when it decided to establish a “value governance” centre, which involves integrated strategy, risk and profitability management under the direct responsibility of the CFO; it involves the development of Value Based Management tools, methodologies and processes which aim to orientate business activities and operations towards value creation based concepts. The CPM workshop reviewed these principles, turning them into an organisational, and not solely Information Technology system, which is able to integrate IT processes, the analysis and reporting activities further to the Budget and Intelligence support mechanisms within one unique architecture system. The main objective was to provide top-down dissemination of information rationalisation and integration logics used by top management to all the sub-levels.

Keywords: Credit Risk; Planning Area; Cost Allocation; Management Reporting; Performance Management System (search for similar items in EconPapers)
Date: 2010
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-3-642-13235-3_8

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DOI: 10.1007/978-3-642-13235-3_8

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