Performance Management Defined (PM Series)

10 09 2009

One  item plaguing Performance Management is that the concept has no real meaning that is both commonly understood and concisely stated.  To some, Performance Management is financial, to others it is software, and to some just a phrase they like to use. To shed a little light on this, I thought I would ask fellow bloggers, Jonathan Becher and Gary Cokins to debate the various definitions.

  • How would each of you define Performance Management and what does it mean when it is successfully implemented?

You both write specific blogs about the definition of Performance Management (Becher/Cokins) and have been examing the idea for some time.  Have your opinions changed on its definition?  What have you seen the market do over the last few years that you agree with or perhaps disagree with?  Jonathan, you do a nice job providing an indicator of the level of maturity that Performance Management in that a Yahoo search resulted in 14 million hits while the well understood concept of Customer Relationship Management returns 15 million hits.  Clearly, Performance Management is now mainstream, but does it really have a buying agenda like Customer Relationship Management?  Or are people just buying parts and using the popularity of the term to elevate the project?  And even so, does it matter?