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STRATEGIC PERFORMANCE MANAGEMENT PROFESSIONAL 2 EXAMINATION APRIL 2015NOTES:You are required to answer ALL Questions. PRESENT VALUE TABLES ARE Providential Allowed 3.5 hours plus 20 minutes to read
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How to fill out strategic performance management

01
Identify the strategic objectives or goals of your organization.
02
Break down each objective into specific performance measures.
03
Determine the targets or benchmarks for each performance measure.
04
Develop a system for tracking and collecting performance data.
05
Collect and analyze the performance data on a regular basis.
06
Compare the actual performance against the targets or benchmarks.
07
Identify areas of improvement or accomplishment based on the analysis.
08
Develop and implement action plans to address areas of improvement.
09
Monitor the progress of the action plans and make necessary adjustments.
10
Communicate the performance results and action plans to relevant stakeholders.

Who needs strategic performance management?

01
Organizations that want to align their performance with their strategic objectives.
02
Businesses that aim to improve organizational efficiency and effectiveness.
03
Executives and managers who require a structured approach to performance management.
04
Companies that want to identify and address performance gaps.
05
Organizations that want to foster a culture of accountability and continuous improvement.
06
Companies that aim to drive innovation and adaptability.
07
Businesses that want to enhance decision-making based on performance insights.
08
Executives and managers who want to align employee performance with organizational goals.
09
Organizations that aim to evaluate and reward employee performance fairly.
10
Businesses that want to establish performance-based incentives and recognition programs.
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Strategic performance management is the process of setting goals, measuring progress, and making decisions based on data and analysis to improve organizational performance.
Strategic performance management is typically required to be filed by organizations or companies to ensure they are meeting their strategic objectives.
Strategic performance management can be filled out by collecting relevant data, setting goals, tracking progress, and analyzing results to make informed decisions.
The purpose of strategic performance management is to help organizations align their actions with their goals, monitor progress, and improve overall performance.
Strategic performance management typically includes key performance indicators (KPIs), progress towards goals, and analysis of performance data.
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