Principles of Performance Management

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Let's talk about principles of performance management

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in this video, we're going to talk about the principles and what is required for performance management to be successful.

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There are basic principles that Kobe it mentions as being necessary for performance management of a governance system.

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CPM should be able to be simple, toe, understand and use.

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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

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performance. Management should be consistent and supportive of the co bit conceptual model

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subsequently and must be possible to manage the performance of processes and components such as information. Organizational structure is etcetera.

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Additionally, CPM should be ableto enable management performance of

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all types of components in the governance system.

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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.

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There should be a way to monitor the performance of all of the aforementioned

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CPM should also yield reliable, relevant and repeatable results.

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Thus, you need to have a standardized way in which to manage and monitor performance.

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CPM should also be flexible.

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It needs to support the requirements of different organizations that have different priorities and needs

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no to enterprises are the exact same. There's a different information

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organizational structures, people, skills and competencies, culture, etcetera.

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Therefore, your performance management should be flexible to accommodate the needs of your specific organization.

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Take a moment to think about why performance management should be flexible and why that's important to you.

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Lastly, another principal defined by co bit

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is for performance Management is that your CPM should support different types of assessments for performance.

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For example, if you rely on self assessments, your CPM should support that method.

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On the other hand, if you rely on formal appraisals, your organization's performance management needs to accommodate for that.