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What is Lifecycle Performance Management? What is Lifecycle Performance Management?

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, provides 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 / Business Units
  • Processes
  • Finance
  • Programs (e.g.  implementing organizational policies)
  • Products / Services
  • Projects

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Lifecycle Performance Management involves integrating key documents into a performance plan, aligning performance to organizational goals, applying best practices and key performance activities, 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. 

 

 (Click on an area within the model below to learn more...)


The Lifecycle Performance Management Model 

HR Management Strategic Planning IT / IS Management Financial Management Customer Satisfaction Organizational Development Knowledge Management Workforce Performance Change Management Quality Management Project Management Performance Based Budgeting Process Improvement Performance Team Development Vendor Standardization Organizational Stability Organizational Mission and Goals Management Performance Scope Management IT Cost Management Enterprise Policy Management Employee Acceptance Management Employee Training Staff Motivation Leadership Development Performance Management Planning Time Management (Planning vs. Implementing) Capacity Management Automated Asset Management Systems Scalability Employee Performance Management Information Service Performance Management Process Management Performance Metrics Management Performance Alignment Management Cross Functional Process Management Change Management Procurement Management Data Integration Management Systems Management Quality Management Performance Data Management Business Intelligence Management Customer Satisfaction Management Project Performance Management Service Level Tracking Management Scorecard / Dashboard Management Organizational Goals and Mission Examination Business Objectives Definition Leadership Team Development Current Environment Assessment Performance Scope Definition Outcomes and Assumptions Definition Deliverables Definition Data Definition Technical Structure Definition Organizational Structure Definition Performance Team Development Team Success Factors Identification Employee Acceptance Functional Integration Key Process Identification Performance Baselining Performance Plan Development Data Repository Development Data Storage Planning Training Requirements Definition Critical Success Factors Identification Metrics Development Cross Functional Process Identification Data Integration Lifecycle Corporate Strategy Alignment Divisional Performance Alignment Workforce Performance Alignment Financial Performance Alignment IT / IS Performance Alignment Quality Management Plan Quality Assurance Surveillance Plan Quality Control Plan Data Quality Management Process Data Quality Metrics Identification Information Supply Chain Alignment Process Improvement Planning Project Performance Measurement Project Change Management Performance Reporting Process Business Intelligence Tools Selection Vendor Summary Performance Improvement Planning SLA Establishment / Implementation Key Performance Indicators Report Automation Scorecard / Dashboard Development Customer Satisfaction Reporting Lessons Learned Defining Phase Planning Phase Executing Phase Monitoring Phase Reporting Phase Strategic Plans Financial Plans Quality Plans Customer Satisfaction Plans Communication Plans Performance Based Contracts Organizational Goals and Objectives Documentation Performance Mangagement Plan

Lifecycle Performance Management includes integrating multiple data sources and understanding what processes make your organization most productive.  It involves revisiting core processes and identifying ways to maximize and continuously improve performance.

 

Utilizing these best practices and processes outlined in this framework will enable you to:

 

  • Develop performance measures that drive decision making
  • Assure that your projects and activities are aligned with overall strategic goals
  • Transform your employees into high performers and ensure team effectiveness
  • Identify your mission critical processes and improve those that limit your organization's performance
  • Leverage business intelligence tools
  • Manage change through knowledge and insight.
  • Get the best performance out of your systems and reach your business objectives