Principles of Performance Management

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Time
3 hours 43 minutes
Difficulty
Intermediate
CEU/CPE
4
Video Transcription
00:00
Let's talk about principles of performance management
00:04
in this video, we're going to talk about the principles and what is required for performance management to be successful.
00:12
There are basic principles that Kobe it mentions as being necessary for performance management of a governance system.
00:19
CPM should be able to be simple, toe, understand and use.
00:24
If it is overly complex, it will be harder to evaluate your results and the complexity leaves rooms for errors, gaps and excessive use of time and resource is
00:34
performance. Management should be consistent and supportive of the co bit conceptual model
00:39
subsequently and must be possible to manage the performance of processes and components such as information. Organizational structure is etcetera.
00:48
Additionally, CPM should be ableto enable management performance of
00:53
all types of components in the governance system.
00:57
Overall, it needs to support the governance and management objectives of each of the seven enablers or components that we went over in macho five.
01:04
There should be a way to monitor the performance of all of the aforementioned
01:10
CPM should also yield reliable, relevant and repeatable results.
01:15
Thus, you need to have a standardized way in which to manage and monitor performance.
01:23
CPM should also be flexible.
01:25
It needs to support the requirements of different organizations that have different priorities and needs
01:30
no to enterprises are the exact same. There's a different information
01:36
organizational structures, people, skills and competencies, culture, etcetera.
01:41
Therefore, your performance management should be flexible to accommodate the needs of your specific organization.
01:47
Take a moment to think about why performance management should be flexible and why that's important to you.
01:55
Lastly, another principal defined by co bit
01:57
is for performance Management is that your CPM should support different types of assessments for performance.
02:04
For example, if you rely on self assessments, your CPM should support that method.
02:08
On the other hand, if you rely on formal appraisals, your organization's performance management needs to accommodate for that.
02:19
In this video, we talked about the basic principles of performance management and how to ensure performance management will be successful.
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