The AICPA & CIMA and World Business Council for Sustainable Development partnered on an Integrated Performance Management (IPM) research project to understand how performance management must evolve to respond to present-day business challenges. An IPM framework was developed to guide businesses on a journey that leads to a more inclusive, holistic way of managing performance through improved workforce engagement with strategies.
The IPM framework is supported by an IPM maturity model and an initiative attribute table to provide guidance on transitioning from traditional performance management to an integrated performance management approach. The IPM maturity model is designed to enable businesses to position themselves at different stages on the journey to adopting an IPM approach. Businesses can use the maturity model to gauge progress across a range of indicators and to plan future progress toward becoming more strategically oriented. The initiative attribute table enables businesses to assess the performance of initiatives. It helps monitor and report on the progress of strategic initiatives, whether capital or operational in nature.