Four Phases of High-Quality Business Performance Assessments
Business performance assessments are conducted in a series of phases: Identify, Plan & Schedule, Execute, and Close-out. Associated with each phase is a collection of principles, best practices, and warning flags aiding the identification, communication, and acceptance of value-adding, self-critical performance improvement opportunities.Assessment Phases
- Identify Phase: The Identify Phase starts the business performance assessment process by defining the broad parameters within and by which the assessment
will be performed.
- Plan and Schedule Phase: The business performance assessment process continues with the Plan and Schedule Phase during which the specific assessment activities – document reviews, personnel surveys, activity observations, and individual interviews – to be performed are identified and scheduled.
- Execute Phase: The Execute Phase is at the center of the business performance assessment process. During this phase, assessors gather and analyze data from a number of sources to identify performance improvement opportunities.
- Close-out Phase: The Close-out Phase marks the end of the business performance assessment process. Performance improvement opportunities are captured within the corrective action program and assessment documentation is properly cataloged.
As illustrated by StrategyDriven’s Information Development Model, business performance assessments belong to the third tier of performance data refinement. Performance reports at this level benefit from human intelligence added to supporting data during: initial data synthesis, basic trend identification and analysis, multi-trend synthesis, and basic model application. It is the infusion of human knowledge and experience at these points that makes these assessments broadly integrated and highly insightful.
To learn how to maximize the value of your business performance assessment efforts:
About the Author
Nathan Ives is a StrategyDriven Principal, and Host of the StrategyDriven Podcast. For over twenty years, he has served as trusted advisor to executives and managers at dozens of Fortune 500 and smaller companies in the areas of management effectiveness, organizational development, and process improvement. To read Nathan’s complete biography, click here.
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