Alexandria, VA (PressExposure) August 11, 2009 -- Lifecycle Performance Professionals is launching a performance solution that is designed to teach 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 out there, 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, cost savings opportunities and provides a custom performance roadmap.
"Most performance solutions focus on one area within performance management, such as HR, IT, employee performance and process improvement," says Victor Holman, CEO of Lifecycle Performance Management. "Lifecycle Performance Management focuses on 48 areas that determine the success of an organization, most of which can be applied to all areas of performance management."
There are departments within organizations that manage areas of performance better than others. The premise of Lifecycle Performance Management is to measure the critical performance management processes necessary to perform at a high level. 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.
"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."
The goal of Lifecycle Performance Management is to tackle tough issues in performance management and provide processes that overcome the common obstacles that most organizations struggle with.