Strategic Analysis of Performance Management System - A Case Study of Naval Dockyard, Visakhapatnam

Performance Management refers to a wide-ranging methodical move toward to ensure a link between efforts to individual employees with Mission, Vision and Goals of the organization, to achieve distinction in organization on one side and contentment and growth of employees on the other side. It helps to negotiate requirements and accomplishments in terms of performance standards, outcomes, and measures. Therefore the performance management system is an important instrument to facilitate organization to achieve its goal. Both Individual skills and contributions and organizational objective measurement is needed to develop the important element of the organization, which is human capital. Employees are the critical factor in performance management system, where glowing designed model of system will result strong management guarantee and better employees’ performance which show the way to organization’s success. With to proper use, performance management system will amazingly beneficial to an organization to enhance its performance, particularly in the management practices in Central Public Sector Enterprises (CPSE). Suggestions have been projected based on primary data and strategic analysis of PMS processes of the sample organization Naval Dockyard.