VUT_Report 2018_Finale

VAAL UNIVERSITY OF TECHNOLOGY
ANNUAL REPORT 2018
2. The Performance Management Cycle
The link of the core elements of VUT’s performance management system is as indicated below:
Vaal University of Technology’s Strategic Priorities
Perfomance
Planning
Financial
Planning
Performance
Reporting
Performance
Agreements
Performance
Review
Performance
Evaluation
Performance
Measuring &
Monitoring
2.1 Performance Planning
The Performance Planning ensures that the VUT strategic direction
informs and aligns the Annual Performance with all planning
activities and resource decisions. This is the stage where
targets are set for the metrics which are aligned to the Goals and
Strategic Objectives.
2.2 Financial Planning
The integration of planning and resource allocation is central
to the realisation of the University’s Strategic Goals. This
integration supports the prioritisation of the allocation of the
University’s limited resources to enhance performance and
is a critical feature of the implementation of the 2018 Annual
Performance Plan. Overall, the pursuit of the University’s
Strategic Goals is predicated on the understanding that
strategy, performance and resources are closely linked. The
budget is therefore an important steering mechanism for
implementing strategic goals.
2.3 Performance Agreements
The University’s employee performance management system
supports the achievement of the University’s strategic objectives
by:
• Staff at all levels understand and contribute to the achievement
of the University’s key priorities;
• Driving accountability through their organization so that
there is clarity on individual accountabilities for a particular
role and people are consistently held accountable;
• Ensuring that ensure functions required to execute the
strategy are in place; and
• Aligning staff career development plans with the strategic
goals of the University.
2.4 Performance Measuring and Monitoring
The Performance Measuring and Monitoring occurs frequently
to monitor progress at operational level. This is to determine
whether future performance targets will be met, exceeded or
not met. These meetings are focused on:
76