7/29/2019 Business Plan - Objectives http://slidepdf.com/reader/full/business-plan-objectives 1/23 Business Plan - Objectives RAVANELLO - Corporat e Metric Name Purpose Objective Assumptions Timing Metrics Number This report lists all Business Plan objectives, sorted into five distinct levels which collectively are represented by the Metrics Hierarchy. Within each hierarchical level, the metrics are grouped by functional area and Champion, so, for example, in Level 1 - Operations Review, the Production Department is responsible for reporting on the performance of three metrics, as listed below. Although some metrics may be reviewed at several organizational levels, the selection of the hierarchical level is determined by the highest level Management Review Meeting at which the metric is reviewed. Conducted by Divisional V.P. and attended by Senior Management (Plant Manager, A.G.M., and Controller) Key Operating Indicators Review. Review of select performance metrics, conducted by Senior Management (G.M.) and attended by Departmental Managers Review typically conducted by Program Manager, Senior Management, or Team Leader and attended by cross-funct ional Team Members - to review the performance and status of specific programs or projects Annual (or possibly semi-annual) review of individual employee performance against stated objectives, conducted by Department Manager or Supervisor, and attended by respective employee. Model of a Metrics Hierarchy Level 1 Level 2 Level 3 Level 5 Corporate (OPS) Review Divisional (KOI) Review Cross-functional Team (Program/Project) Review Individual Employee Performance Review Monthly Variable Annual Monthly and Quarterly Typical Review Frequency Metrics identified at each level should be profiled in the Metrics DASHBOARD, thereby ensuring consistency in profiling, management and reporting. The standardization of organizatonal metrics reporting will keep the metric on the DASHBOARD Radar, ensuring that it always has a Champion, is appropriately responded to, and is not overlooked or unintentionally inactivated. Each Metric Profile should be reviewed, verified and approved by the appropriate Management level before any data is collected or analyzed. Review of Metrics at the Departmental or Departmental Team Level - Conducted by Department Manager or Team Leader - examples: Quality, Environmental, H and S, 5S, etc. Level 4 Departmental Review Variable Wednesday, June 06, 2007 Page 1 of 23
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Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
December705
Percent Return on Funds Employed (ROFE)
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
December706
Production Sales per Equivalent Employee
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the Policy
Statement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiate
900 - Administration Assistant General Manager Metric Owner:Functional Areaand Champion:
VA/VE
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
September902
PDP Deliverables
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
600 - Human Resources Human Resources Manager Metric Owner:Functional Areaand Champion:
Incident Rate involving One or More Lost Workdays
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
December615
Incident Rate Cases involving one or More daysRestricted
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.
December508
900 - Administration Assistant General Manager Metric Owner:Functional Areaand Champion:
900 - Administration Assistant General Manager Metric Owner:Functional Areaand Champion:
Sample 1
Begin this statement with "To ensure that...and explain why it is important to monitor this process. What are the repercussions of poor performance?
Objectives must be specific,measurable, appropriate, realistic, time-based, consistent with the PolicyStatement, and address all OperatingSystem Requirements.
Provide strategy-, market-, competition-related assumptions and anybenchmarking data which substantiatethe objective.