Performance – [per-fawr-muh ns] – is the act of doing something successfully, using knowledge, as distinguished from merely possessing it; includes activities to ensure goals are consistently being met in an effective and efficient manner.
icorp.ca’s Performance consulting service helps clients shape their integrated business strategy and make better decisions through integrated financial and performance metrics. We specialize in the design of performance frameworks, and integrated processes to balance strategic priorities.
Managing performance facilitates the effective delivery of strategic and operational goals. There is a clear and immediate correlation between using performance management and metrics to improve business and organizational results. A performance problem is any gap between desired results and actual results, whereas performance improvement is any effort targeted at closing the gap between actual results and desired results. Simple, n’est pas? Thus, an effective performance management system consists of a process whereby: Work is planned and expectations are set; Performance is monitored; Personnel have ability to perform and are developed and enhanced; Performance is rated or measured; and Top performance is rewarded.
So what keeps your organization from performing well? Do your key financial performance indicators speak to productivity efficiency and overhead efficiency? Are your performance measures the right ones? Do your chosen metrics inform decisions? Are you mired in “measures” with no meaningful insight? icorp.ca’s Performance service can help you encourage the right performance with insightful measures. So who’s supporting your Performance needs GO THERE!™
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Canadian Performance Reporting Board (CPRB) – responsible for providing vision and leadership in advancing measurement and reporting of organizational performance other than financial statement reporting
McKinsey Special Selection – Role of the CFO is about thought leadership that focuses on developing business insight capability through Business Performance Management and integrated financial management processes.
The Government of Canada Results Framework and Program Inventory is a common approach to planning and managing resource expenditures and performance results, using integrated performance management as a reliable measure against program outcomes.