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

In: Performance Measurement

Author

Listed:
  • Stefano Tonchia

    (Università di Udine)

  • Luca Quagini

    (SDG Group)

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.

Suggested Citation

  • Stefano Tonchia & Luca Quagini, 2010. "The Monte dei Paschi di Siena “Controlling Data Farm”, the CPM of the Oldest Bank in the World," Springer Books, in: Performance Measurement, chapter 0, pages 113-133, Springer.
    • Handle: RePEc:spr:sprchp:978-3-642-13235-3_8
    DOI: 10.1007/978-3-642-13235-3_8
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