The effectiveness of the strategic plan to advance the institutional mandate is evaluated. There is an assessment of lessons learnt from achieved goals, delivered targets and proven strategies, as well as unsuccessful initiatives. The performance review serves as input to the next cycle of planning activities.
Guideline code
GG_06400
Mechanism
Mechanism
- The management should use suitable indicators, standards and benchmarks to assess the implementation of the strategic plan, including the efficiency and cost effectiveness with which targets, milestones and deliverables are achieved.
- Participatory and checks-and-balances mechanisms should be in place to ensure the transparency and objectivity of the performance review.
- The management should inform internal and external stakeholders of the results of the performance review. There should be open communications and feedback channels with stakeholders.
Structure
Structure
- The management may centralize coordination and preparation of the performance review of the strategic plan within a central planning unit. Human resources, ICT, finance, actuary, internal audit, risk management and change management units are among the key units involved in the review.
- The management should submit to the board the performance review of the strategic plan, with well-defined recommendations on policies and measures based on results and lessons learnt.
- The board should review the management report and act on the recommendations in a timely manner.
Title HTML
Guideline 49. Strategy diagnosis and performance review
Type
Guideline_1
Weight
68