PRZOOM - /newswire/ -
Washington, DC, United States, 2009/08/18 - Lifecycle Performance Professionals has launched the first turnkey performance management solution that teaches organizations how to apply enterprise-wide performance best practices and reach organizational goals through a sequence of key activities.
Lifecycle Performance Professionals has launched a performance solution that teaches organizations how to apply enterprise-wide performance management best practices and reach organizational goals. Lifecycle Performance Management is an enterprise-wide performance strategy involving all business units, systems and personnel. Through a sequence of key activities and best practices, Lifecycle Performance Management provides a complete approach to managing performance from the defining phase to the reporting phase.
While there are numerous performance management solutions on the market, Lifecycle Performance Management provides a step by step enterprise approach that applies 48 key performance management activities, 35 performance management best practices, a suite of templates, plans, guides, and training materials, and an Organizational Performance and Best Practices Analysis that identifies performance strengths, weaknesses, and cost savings opportunities and provides a custom performance roadmap.
“Most companies are serious about managing performance, but they just don’t know exactly what steps are needed to achieve maximum performance gains,” says Victor Holman, CEO of Lifecycle Performance Professionals. “Lifecycle Performance Management is an approach that not only provides these steps, but educates the entire organization on how their function supports the goals and objectives of the organization.”
Performance management is becoming an important topic that many organizations are being forced to address. With a looming recession, workforce reductions and tightening budgets performance management may be the key to customer loyalty and organizational success. Performance management is also a growing concern among the public sector in desperate need to justify costs and establish a culture of accountability.
Lifecycle Performance Management addresses these concerns by leveraging internal resources to achieve the same results that organizations would otherwise get by outsourcing services. This, in return, provides significant cost savings opportunities for organizations looking to improve performance. “There are departments within an organization that manage areas of performance better than others. The premise of Lifecycle Performance Management is to measure how well key performance processes are executed throughout the organization. By fully understanding where an organization utilizes best practice processes well, that organization can then leverage those strengths and resources to departments that need them the most,” says Victor Holman. Lifecycle Performance Professional’s does this through their Organizational Performance and Best Practices Analysis, which analyses how well organization’s apply performance management best practices and key activities. “There are key performance elements, that if not addressed properly will bring an organization’s performance halt. The processes and key performance activities measured in the Organizational Performance and Best Practice Analysis ensure that you do not fall into the traps or make the same mistakes that keep most companies from reaching their goals.”
Many companies spend hundreds of thousands of dollars on business intelligence tools that are underutilized, or don’t live up to their potential simply because their internal processes are not in line with the capabilities of these complex tools,” says Victor Holman. “Performance management starts within the organization, with the internal processes that educate employees and drive organizational success.”
About Lifecycle Performance Professionals
Lifecycle Performance Professionals (lifecycle-performance-pros.com) provides performance management consulting and products that help organizations reach performance goals through best practice analysis and implementation and custom enterprise performance management solutions.