Performance Evaluation System

A. There are Three Areas for Performance Evaluation which carries different
weightage
a. Performance on Financial Indicators 50%
b. Performance on Budgeted Activities 30% or 80%
c. Performance on Regular Activities 20%
B. Performance on Financial Indicators : Data of Ashar End 2077 will be the Base Data
C. Performance on Budgeted Activities:
a. 14 Sections in Budgeted Activities including Reconciliation Activities.
b. Each Section contains different activities and each activity contains different Key
Activities.
c. Point for each activity is assigned on the basis of its importance, impact and
complexity. For 70 Budgeted Activities 100 Point is assigned.
d. Total Point of each budgeted activity is divided proportionately to different key
activities. For Example: Budgeted activity (1) = Key1 (0.1)+ Key2 (0.3) +
Key3(0.6)
e. Weightage of different section on Budgeted Activities varies based on
Department. For Example, Up-gradation of Technology Section is given more
weightage while evaluating performance of IT Department.
D. Performance on Regular Activities
a. Regular Work as per TOR 0.3
b. Reporting 0.2
i. Regular/Management Report 0.5
ii. Supervisory Report 0.5
b. Compliance 0.2
i. Compliance to Internal Audit 0.2
ii. Compliance to External Audit 0.3
iii. Compliance to NRB Audit 0.5
c. Consolidation 0.15
d. Interdepartmental Coordination 0.15
E. Annualizing the Performance

• IF Q1 = Marks obtained * 4

• IF Q2 = Marks obtained * 2

• IF Q3 = Marks obtained *(4/3)

F. Final Grading

if marks obtained >= 90 Excellent

if Marks obtained >= 80 Very Good

if Marks obtained >=70 Satisfactory

if Marks obtained <70 Poor

G. Provision of Marks Deduction

Performed in the Same Quarter as in Action Plan No Deduction

Performance delayed by One Quarter 25% Deduction

Performance Delayed by Two Quarter 50% Deduction

Performance Delayed by Three Quarter 75% Deduction