Best Practices in Planning and Performance Management

Download or read book Best Practices in Planning and Performance Management written by David A. J. Axson and published by John Wiley & Sons. This book was released on 2007 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt: Bombarded by an avalanche of information, today's managers find that traditional budgeting, forecasting, and reporting techniques are not only obsolete, they're dangerous. They are simply too slow, too detailed, and too disconnected for the information age we live in. So where do managers turn to for help when asked to develop plans, build budgets, report progress, and make decisions in response to today's increasingly competitive, fast-paced, and volatile environment? Part One makes the case for a radical change in the way managers manage performance, explaining why effective performance management is needed in today's fast-paced world and also provides a series of diagnostic tools and measures to help you evaluate the improvement opportunity. Part Two describes the principal best practices for each element of the performance management process�strategic planning, tactical and financial planning, management reporting, and forecasting. A chapter on risk management reflects its emergence as a critical component of any effective performance management process. Finally, Part Three provides insights into the steps required to design a best practice�inspired process that is right for your organisation as well as the critical success factors for implementation.