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One of the biggest issues the mining industry organizations are facing is the use of traditional performance management, that have lost them the sight of the true north.
Mining has much to gain from adopting innovative frameworks, but the traditional model of rigid annual reviews is already outdated. Improved methods such as the Mining BSC and OpEx are needed, both to tackle the safety challenges faced by miners' HR departments, and to address the unique training and support needs of a rapidly evolving sector.
The Mining BSC and OpEx is a Comprehensive Operations Planing Directives (COPD) which is a Strategic Performance Management framework, astep-by-step guide for elaborating and executing strategy. It is made up from 2 key components, a formulation as well as an execution phase. It highlights a driver model, the DPMAA loop (Design, Plan, Monitor, Act and Adjust).
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Source: Strategic Performance Management in the mining sector PowerPoint (PPTX) Presentation, Youssef AIT AKKI
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ABOUT THE AUTHOR
Have in-depth knowledge and experience in strategy execution, implementing Performance Plans, Balanced <scorecards, Lean
Management, Lean Manufacturing, Lean Supply Chain, Six Sigma, World Class Manufacturing (WCM) and Quality Management System (QMS) into production processes, supply chains and other areas and service industries.
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