Forums › ACCA Forums › General ACCA Forums › overall topics links of p5
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- May 28, 2013 at 10:42 am #127432
hi to all,
I need to understand the overall links of topics in p5 (general idea ) , I’d apreciate to every one specially tutors to leave there precious concept here .
As far as my concern
the p5 is begin with strategy ( mission , goal ,objective (in the form of budget ) are set by analysing the envirnment ,critical success factors identified and there relevant KPI’s)
to ensure the above strategy reward system and human behaviour align to strategy and then form the performance measurement system** ( which must ensure that the results company acheived is in acordance with strategy . . . If there is some gap btween result acheived and strategy then organisation must manage the gap by managing resources and systems ,that is what performance management .** Performance Measurement system can be financial(eva ,roi,ri,ebtida and non finacial(quality , effeciency etc) or both (balance score card .prism .pyramid.building block . . .by using these we also able to manage the performance of the company .. Therefore they also called performance management system ) the model choose best suit to the organisation structure and their strategy.
Relevant Suggestion are welcomed .
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