Managers’ Labour Performance Management Based on Assessment of Projects Efficiency

Introduction, Purpose. Experience of key performance indicators and balanced scorecards application revealed significant negative consequences in management systems and organizational cultures. So, there are needs to be new approaches to performance management of managers’ labor allowing increasing in internal motivation. The paper aims to investigate the possibility of application of projects efficiency assessment to management of managers’ labor performance. The authors advanced and approved an idea concerning comprising of the managers’ labor performance management system based on assessment of projects efficiency that are implemented under their guidance. Methods. The conceptual scheme of the paper is based on methodology of the systems approach, specifically methods of structural-functional and process approaches. Surveys and mathematical statistics were used as well. The authors interviewed the participants of the Presidential Managers’ Training Program for investigation of the extent of project oriented management spreading and the state of project efficiency assessment in Omsk companies. Results. The paper contains the analysis of the experience of key performance indicators and balanced scorecards application in companies in Russia and abroad, characteristics of strengths and constraints for building such systems for project activities assessment. The connection between company’s performance and the degree to which a company assesses project efficiency was confirmed. Discussion. The strategical directions of development of the managers’ labor performance management system based on assessment of projects efficiency including a broad range of issues from organization and project managers’ learning to change management practices in project oriented companies were offered. The authors determined stages of the proposed approach realization: definition of the labor performance management construct; opportunities analysis and identification of managerial decisions needed to tie the managers’ labor performance management system to project activities results; setting-up project key performance indicators; working through institutional issues of project key performance indicators implementation; working out the mechanism of realization the managers’ labor performance management system based on assessment of projects efficiency.

efficiency, labor performance, performance management, project, project management, efficiency assessment, key performance indicators, balanced scorecards

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