The aviation ministry is to start reviewing the performance of public sector undertakings (PSUs) under its aegis on a balance scorecard methodology, the favoured form in private enterprises, starting next month, doing away with the conventional ways of reviewing PSU performance.
“We are trying to institute a disciplined performance management system using the balance scorecard methodology. Over the last three months we have worked with each of the Public Sector Undertakings (PSUs) to develop a balance scorecard that provides a comprehensive assessment of short-term and longterm performance. This will be reviewed by the ministry on a monthly basis,” minister of state for aviation Jayant Sinha told ET.
Under the balanced scorecard methodology, an organisation’s performance is monitored against strategic goals on the basis of a few listed criteria.
In this case, all PSUs under the aviation ministry will be reviewed under 8-10 criteria. From now on, the ministry, which used to measure Air India’s on-time performance, will also review factors leading to it – like aircraft availability, seasonal factors and other reasons leading to OTP.
26/12/16 Defence Aviation Policy
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“We are trying to institute a disciplined performance management system using the balance scorecard methodology. Over the last three months we have worked with each of the Public Sector Undertakings (PSUs) to develop a balance scorecard that provides a comprehensive assessment of short-term and longterm performance. This will be reviewed by the ministry on a monthly basis,” minister of state for aviation Jayant Sinha told ET.
Under the balanced scorecard methodology, an organisation’s performance is monitored against strategic goals on the basis of a few listed criteria.
In this case, all PSUs under the aviation ministry will be reviewed under 8-10 criteria. From now on, the ministry, which used to measure Air India’s on-time performance, will also review factors leading to it – like aircraft availability, seasonal factors and other reasons leading to OTP.
26/12/16 Defence Aviation Policy
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