The most understood concept yet possibly the most difficult challenge associated with performance management is understanding and identifying key performance metrics.   Every organization, every manager, and every employee are familiar with what performance metrics are and most understand why we need them in order to measure performance.  So why is it so hard to identify what's most important for us to measure?

The short answer is the more we learn the value of performance metrics and the more we understand that we can measure just about anything, we begin to lose focus on what drives our organizational success.  We get clouded by the enormous pool of potential metrics to measure, many of which provide little impact toward reaching organizational goals. 

Your organization must be able to report meaningful data in order to make important business decisions.  Lifecycle Performance Professionals implements the Performance Metrics Identification Methodology, which illustrates how metrics are identified to support your organizational goals and objectives.   This performance metrics methodology includes the following steps:

1.) identify organizational goals and objectives,

2.) assess organizational business requirements,

3.) identify mission critical processes, functional and systems,

4.) identify key measurement areas,

5.) map key business requirements to key management areas,

6.) align measurement areas to strategic goals,

7.) identify key performance indicators, and

8.) develop supporting metrics.

Get your performance metrics guide and take control of your organization's performance.

The Performance Metrics Identification Methodology can be found in full illustration, with supporting details for each phase in the Methodologies Guide.

You can learn how to implement a successful performance metrics plan in the LIfecycle Performance Management Kit.  If you are REALLY serious about implementing successful performance measures, my Organizational Performance and Best Practices Analysis identifies exactly how your organization can develop a metrics and map performance to organizational objectives.