Performance Management

Definition: Performance Management is an approach that includes activities which ensure that goals are consistently being met in an effective and efficient manner. Performance management can focus on the performance of an entire organization, a department, an employee, a process or another area.

PM is also known as a process by which organizations align their resources, systems and employees to strategic objectives and priorities.

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More on performance management: Balanced Scorecard, Benchmarking, Hawthorne Effect, Management by Objectives, Objectives and Key Results, more...

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