What is a Portfolio of Initiatives?
The portfolio of initiatives consists of a collection of projects that the organization is implementing, in order to achieve its strategic objectives.
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The portfolio of initiatives consists of a collection of projects that the organization is implementing, in order to achieve its strategic objectives.
The Performance Management Architecture System presents the interdependences between the components of a performance management system. It illustrates the processes that take place while implementing a performance management framework within the organization.
Sometimes, companies overlook the human resources function in their attempt to become market leaders. This is a crucial mistake, as long time performance and brand recognition are built with loyal, hardworking and motivated employees. Understanding that employees are the most valuable asset of a company is only part of the solution. In order to ensure growth and stability, companies need to actively implement Performance Management Systems that emphasize Individual Performance, Talent Management and Succession Management.
The South African Department of Performance Monitoring and Evaluation in the Presidency (DPME) was instituted in 2010, with the purpose of ensuring continuous improvement in service delivery, through performance monitoring and evaluation. Their key focus areas are built around performance monitoring and evaluation of governmental priorities, assessing the quality of management practices in governmental departments and indicators development.
The 2013 Canadian conference in public sector HR , “Transforming HR for a Changing Workplace”, allowed innovators in this field to bring in a discussion about learning how to do more with fewer resources. Their advice was to focus on the HR processes that deliver the most value and change or cut out the ineffective ones. The picture of fewer resources and growing needs determined innovators to highlight that it’s also time they considered novel methods for improving their processes.