Performance Management

Activities which ensure that goals are consistently & effectively being met.

Performance management (PM) is a set of activities that ensure goals are met in an effective and efficient manner. It can focus on the performance of an organization, a department, an employee, or the processes in place to manage particular tasks. Performance management standards are generally organized and disseminated by senior leadership at an organization, and by task owners. For business is defined as a strategic and integrated approach to increase the effectiveness of companies by improving the performance of the people who work in them and by developing the capabilities of teams and individual contributors. The principles are used most often in the workplace and can be applied wherever people interact with their environments to produce desired effects—schools, churches, community meetings, sports teams, health settings, governmental agencies, social events, and even political settings. Managers use performance management to align company goals with the goals of teams and employees in an effort to increase efficiency, productivity, and profitability.