BUY WITH CONFIDENCE
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
OVERVIEW
(PDF)
After earning his MBA degree from the Indiana University Kelley School of Business in 1992, Lance Latham embarked on a successful career in operations management and process improvement - including roles as a hands-on operations manager, consultant and project manager in the manufacturing, warehouse / logistics, financial services and IT sectors. [read more]
Ask the Author a Question
Performance Management PowerPoint Diagrams Compilation Strategy Development Strategic Planning Quality Management & Assurance Balanced Scorecard Goal Setting Strategy Deployment & Execution Behavioral Economics Benchmarking Project Management Corporate Culture Maturity Model KPI Objectives and Key Results PRINCE2 Malcolm Baldrige Business Case Example Chief Strategy Officer Henry Mintzberg Operational Excellence Financial Modeling Business Case Development Consulting Frameworks Cost of Quality Cost Reduction Assessment Process Analysis Process Improvement Breakout Strategy Hoshin Kanri Shareholder Value
![]() |
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. |