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Performance Management - Papers

Performance Management


A local council has just received approval for £15 million from the National Lottery to build a new Arts, Media and Cultural Centre but it needs to find the matching capital Money for the project. It has also to find the annual running costs of £1 million for the new facility at the same sound as it needs to reduce its total Leisure and Arts budget by £5 million.
How can and review processes assist with this complex decision and ensure that effective delivery of the project if agreed?
The local council has three main problems to resolve from this scenario. These are:
1. Matching the capital money and running costs of the proposed project.
2. Significantly reducing the leisure and arts ...

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of the other major problems.

Performance management and review can be an aid to this project, by analysing the various options and solutions and deciding on the best course of action. Each of the three main problems may be divided into a list containing various sub problems, which create the overall problems. Each of these problems must be solved by prioritising in order of importance, in order to produce the most effective solution to the project.

Performance management has been defined as “a strategic and integrated approach to delivering sustained success to organisations by improving the performance of the people who work in them and by developing the capabilities of teams and individual contributors: (Armstrong and Baron 1998). Another definition however is that performance management is the systematic design, collection, analysis and review of information. In order to manage there is a need to establish and quantify what may be managed and how.

For the ...

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Some of these problems are as follows:

 There are not enough targets to attain.
 There tends to be too many indicators.
 There is a lethargic reporting style, however the reporting systems tend to be loose.

In the case of this project for the local council there needs to be a hierarchy of objectives, these must range from corporate to individual objectives.

The corporate objectives for the local council may be as follows:

1. To design, build and tender for the centre within the budget allocated and within any time frame allocated by the capital provider.
2. To allocate appropriate funds from the local authority budget to enable the project ...

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PAPER DETAILS
Added: 4/14/2008 08:25:07 AM
Category: Miscellaneous
Type: Premium Paper
Words: 2957
Pages: 11

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