Performance ● Governance ● Compliance (PGC)
Performance management practices need to be institutionalized into the business environment so that employees can work collaboratively to address the top priority requirements of the business without being coaxed to do so. This is how we can ingrain leadership and business excellence understanding. Once this is achieved, business processes and projects can be analyzed and discussed using common terms and scales. This, in turn, enables cross-functional teams to leverage a common portfolio management view of the business. Business processes and projects can then be perceived, prioritized, analyzed, and monitored using similar measurement criteria. These abilities will sustain and nurture your company’s performance management culture over time.
To be successful in institutionalizing a performance management initiative your firm will need to select a software platform that enables collaboration at the workgroup or enterprise levels. In addition to your own company-specific performance management practices, you may also want to adopt one or more best practice frameworks to help guide and sustain the performance management-specific work practices.
