DESCRIPTION
Productivity, efficiency, unit costs. So many business performance variables – yet they're ALL directly related to each other, & they're ALL measurable... from the top of an organization, down to the person, process & penny. Learn the secrets of an effective performance framework, and how it can help you spot hard-dollar opportunities in your company or for your clients – it's all laid out in Robust Production Management (RPM) Module 2: "Performance Framework." "Performance Framework" is the second module in the Metrilogics RPM management training series – more on the way.
This module dives deep into the nuances of direct versus indirect time, providing a clear distinction between paid time dedicated to core customer work and time allocated to other activities like project time, system downtime, and training. Understanding these differences is crucial for managers aiming to optimize team productivity and allocate resources efficiently.
The PDF also introduces the concept of factoring earned work credit hours by quality, transforming gross output into meaningful metrics. By factoring in accuracy and completeness, organizations can distinguish between quality work credit and failed work hours, enabling more precise performance assessments and targeted improvements.
Real-world examples illustrate the impact of low efficiency on a company's bottom line. Detailed scenarios show how paid time off, lost time, and unearned time contribute to overall efficiency percentages, providing actionable insights for managers to enhance operational performance and drive cost savings.
Got a question about the product? Email us at support@flevy.com or ask the author directly by using the "Ask the Author a Question" form. If you cannot view the preview above this document description, go here to view the large preview instead.
Source: Best Practices in Performance Management PDF: Robust Production Management (RPM) Module 2: Performance Framework PDF (PDF) Document, Lance Latham
Performance Management Strategy Development PowerPoint Diagrams Compilation Balanced Scorecard Strategy Deployment & Execution Goal Setting Strategic Planning KPI Maturity Model Objectives and Key Results PRINCE2 Project Management Chief Strategy Officer Henry Mintzberg Business Case Development Business Case Example Financial Modeling Operational Excellence Consulting Frameworks Cost of Quality Quality Management & Assurance Cost Reduction Assessment Process Analysis Process Improvement Breakout Strategy Hoshin Kanri Employee Management
Download our FREE Strategy & Transformation Framework Templates
Download our free compilation of 50+ Strategy & Transformation slides and templates. Frameworks include McKinsey 7-S, Balanced Scorecard, Disruptive Innovation, BCG Curve, and many more. |