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Performance management refers to using information on performance to guide decision making on future goals, plans, and institutional actions. It is a continuous process of translating overall goals into individual actions and outputs, aligning strategic goals with intermediate outcomes and activities at all levels within the organization.
Basically, performance management follows the Plan-Do-Check-Act Cycle.
- Plan: is to define the organization’s mission and to establish its strategic performance objectives. Here you establish performance measures based on the strategy.
- Do: is to do the work and then collect performance data (measurements)
- Check: to analyze, review, and report the performance data.
- Act: is for management to use the reported data to drive performance improvement.
Performance management links strategy with execution. Bizzscore by EFM Software is a complete end-to-end solution for performance management. With Bizzscore you get instant access to critical information, at a fraction of the cost of alternatives or tailor-made software. The Bizzscore Suite offers full support for performance management, from start to finish, from mission to measure
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