Definition of Performance Management

Performance Management is an oft-heard buzzword in today's corporate world. Its meaning varies by the industry, function and operating context, but the general concept revolves around a core notion: the systematic use of data throughout the enterprise to define and clarify goals, measure performance, increase productivity and improve results. Performance Management rests on the premise that there are efficiency and quality gains to be captured by methodically uncovering and leveraging truths that live in existing systems and current stores of data.
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