Project-based Performance Management
What's it about?
Do you and your staff see the connection between project success and overall success but find many projects difficult to consider due to their unstructured nature? Are you able to measure your staff's abilities and move them to more senior project roles when ready? Can you consider previous project success when staffing new projects?
How's it done?
At OrganizationMetrics, we know that the competence of key project staff is crucial to project success. Knowing what skills are in your talent pool requires regular reviews of the ongoing contributions to each assigned project. And if your organizations activities include project work you must be able to consider past success when staffing new projects.
What's the return?
From the business viewpoint, studies in many industries have shown that over 30% of projects end up over budget or fail to deliver expected benefits. Cost overruns of over 50% are common, not to mention the lost opportunity cost of failing to deliver a strategic project on time.
From the perspective of employees, not being recognized for work associated with certain projects can be a significant morale killer. Our TMS Project-based tools ensure that employees see all of their work count towards their evaluations, compensation and overall success - and that greatly increases retention.
Features
Build successful project teams. Our comprehensive talent profiles provide insight into previous projects when you are building new teams. And the multi-level assessments give consideration to very specific functional skills where appropriate.
Develop successful team members. By identifying the gap between the requirements of previous and new projects, our clients pinpoint low-risk growth opportunities for team members. And they can go even deeper to identify gaps in abilities on project teams that then help bring out mentoring/coaching opportunities.
Make it easy. Our integration with existing project management tools reduces the need to duplicate project data. And we add discipline to our processes with our familiar "to do list" approach and automatic email notifications so that stakeholders are alerted when they need to provide feedback.