Development of Performance Management Systems

In the paper basic principles and general approach to development of Performance Management Systems (PMSs) are discussed. It is considered that development of PMSs should rely on certain principles, each of them is described in details. Finally, a two-level managerial approach to PMS design and development planning is proposed. The top level, related with PMS in whole, is considered within the bounds of three generic stages -- functional modeling, dynamic modeling and finalizing.

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