Framework for Effective Performance Management Processes PPT
This PPT slide, part of the 54-slide Balanced Scorecard - Comprehensive Guide PowerPoint presentation, outlines key principles of performance management, emphasizing a systematic approach to establishing and monitoring performance measures aligned with business objectives. It is structured into 4 main processes: Measure Definition, Measurement Methodology, Data Capture Processes & Tools, and Performance Reporting.
In the Measure Definition section, the focus is on identifying and agreeing upon the variables that will be used to gauge performance. Establishing a baseline and target performance levels is critical here, ensuring that all stakeholders have a clear understanding of what success looks like.
The Measurement Methodology segment stresses the importance of selecting efficient and accurate methods for measuring the identified variables. It suggests leveraging automated systems for data capture whenever possible, which can enhance accuracy and reduce manual effort.
Data Capture Processes & Tools highlight the necessity of collating raw data and maintaining it in a centralized database. This ensures that data is easily accessible and can be processed efficiently. Regular submission of data by designated parties is also emphasized, promoting accountability and consistency in data management.
Finally, the Performance Reporting section details the process of transforming raw data into actionable insights. Reports should be formatted according to pre-agreed standards, and findings need to be presented by individual business unit executives to senior management. Regular meetings are suggested for reviewing performance reports, which fosters a culture of continuous improvement and responsiveness to performance issues.
This slide serves as a foundational guide for organizations aiming to implement a robust performance management system that not only tracks, but also drives performance towards strategic goals.
This slide is part of the Balanced Scorecard - Comprehensive Guide PowerPoint presentation.
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Balanced Scorecard Performance Management Continuous Improvement Data Management
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