The techniques provided herein include obtaining a model of an enterprise operation that specifies initiation and one or more evolution milestones of one or more business entities, formulating one or more performance metrics for the enterprise operation, wherein the one or more performance metrics are calculated from the one or more business entities, the one or more evolution milestones, and one or more relevant external events, and using the one or more business entities and one or more performance metrics to automatically create an executable performance monitoring model for the enterprise operation, wherein the executable performance monitoring model processes data in the one or more business entities, the one or more evolution milestones, and the one or more relevant external events to compute the one or more performance metrics for the enterprise operation.