Let's talk about principles of performance management
in this video, we're going to talk about the principles and what is required for performance management to be successful.
There are basic principles that Kobe it mentions as being necessary for performance management of a governance system.
CPM should be able to be simple, toe, understand and use.
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
performance. Management should be consistent and supportive of the co bit conceptual model
subsequently and must be possible to manage the performance of processes and components such as information. Organizational structure is etcetera.
Additionally, CPM should be ableto enable management performance of
all types of components in the governance system.
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.
There should be a way to monitor the performance of all of the aforementioned
CPM should also yield reliable, relevant and repeatable results.
Thus, you need to have a standardized way in which to manage and monitor performance.
CPM should also be flexible.
It needs to support the requirements of different organizations that have different priorities and needs
no to enterprises are the exact same. There's a different information
organizational structures, people, skills and competencies, culture, etcetera.
Therefore, your performance management should be flexible to accommodate the needs of your specific organization.
Take a moment to think about why performance management should be flexible and why that's important to you.
Lastly, another principal defined by co bit
is for performance Management is that your CPM should support different types of assessments for performance.
For example, if you rely on self assessments, your CPM should support that method.
On the other hand, if you rely on formal appraisals, your organization's performance management needs to accommodate for that.
In this video, we talked about the basic principles of performance management and how to ensure performance management will be successful.