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Lifecycle Lifecycle Performance Performance Professionals
Professionals
What is Lifecycle Performance Management?
Lifecycle Performance Management is the systematic implementation of an
enterprise-wide performance strategy involving all business units, systems
and personnel. It is a sequence of management processes, when combined,
achieves a complete approach to managing performance from start to finish.
Lifecycle Performance Management focuses on all areas that determine the
success of an enterprise, including:
• Employees
• Departments / Divisions
• Processes
• Finance
• Programs (e.g. implementing organizational policies)
• Products / Services
• Projects
• Business Units / Teams
Lifecycle Performance Management involves integrating key documents into
a performance plan, aligning performance to organizational goals, applying
best practices, identifying the right metrics, developing a plan to act on the
results, and constantly improving the knowledge and performance of your
people, processes and technology.
Lifecycle Performance Management is centered on the Lifecycle Performance
Management Model (illustrated on the next page). The Lifecycle
Performance Management Model is broken down into four areas:
• Integrating supporting organizational management documents
• Aligning performance through management functions
• Implementing performance management best practices, and
• Executing key performance management activities
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