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Imagine the benefits if your organization was certain that the performance factors and variables it monitored were actually the right ones – the ones that make a difference to financial success. These benefits are offered by analytical performance management, a quantitative approach to understanding and predicting performance that is a real possibility today for many firms. In this research report, the concept of analytical performance management is described both in theory and in practice. The research provides insight into leading practices in analytical performance management and barriers to achieving it.