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Performance Management System Plan

The document outlines a Business Requirements Document (BRD) for implementing a performance management system aimed at improving employee performance, retention, and transparency. The project plans to train all 500 employees by June 1, 2025, while adhering to a budget of $10,000 and a structured schedule. Key stakeholders include project managers, HR, department heads, executives, managers, and employees, with a focus on achieving specific project milestones and benefits.

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Oludare Ajayi-Smith
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44 views4 pages

Performance Management System Plan

The document outlines a Business Requirements Document (BRD) for implementing a performance management system aimed at improving employee performance, retention, and transparency. The project plans to train all 500 employees by June 1, 2025, while adhering to a budget of $10,000 and a structured schedule. Key stakeholders include project managers, HR, department heads, executives, managers, and employees, with a focus on achieving specific project milestones and benefits.

Uploaded by

Oludare Ajayi-Smith
Copyright
© © All Rights Reserved
We take content rights seriously. If you suspect this is your content, claim it here.
Available Formats
Download as DOCX, PDF, TXT or read online on Scribd

Business

Requirements
Document Template

[Link]
Business Requirements Document Template

1. Executive summary
Our organization seeks to implement a performance management system to monitor and track
overall employee performance, boost retention and morale, and increase transparency between
managers and their team.

2. Project objective(s)
We plan to have all 500 employees trained using our new performance management system by
June 1, 2025.

3. Needs statement
A performance management system is necessary to increase our employee retention rates,
since our organization loses $35,000 on average annually due to turnover costs. What’s more,
implementing this system will help maintain consistency across employee development paths,
boost our financial position by upleveling our talent, and motivate and reward our employees.

4. Project scope
We will evaluate, select, and implement the desired performance management system.
Afterward, we will ensure all managers and employees receive comprehensive system training.

Wrike, Inc.
Business Requirements Document Template

5. Requirements
We will organize the following requirements by importance levels (high, medium, or low):

● Goal management for tracking progress


● Performance evaluation for mid-year and end-of-year performance reviews
● Career path mapping and succession planning
● Reporting
● Performance analytics
● Coaching and mentoring opportunities

6. Project constraints
● Costs: Adhere to overall budget of $10,000
● Deadlines: Meet all target dates (listed below)
● Physical resources: Work within scope of materials available
● Team resources: Stick to team member schedules

7. Key stakeholders
Job role Responsibilities

Project managers Hold all parties accountable to project timeline

Human resources (HR) Research performance management systems, gather


requirements, provide recommendations to executives for
signoff, conduct manager and employee training

Department heads Share desired needs with HR for comprehensive list of


requirements

Executives Sign off on selected performance management system

Managers Become trained on selected system

Wrike, Inc.
Business Requirements Document Template

Employees Become trained on selected system

8. Schedule
Project phase Description Deadline

I Complete requirements gathering with all March 31, 2025


stakeholders

II Select performance management system to April 7, 2025


recommend to executives

III Onboard HR team to new performance April 27, 2025


management system

IV Complete training materials for managers and May 3, 2025


employees

V Conduct manager training May 10, 2025

VI Conduct employee training May 17, 2025

9. Cost benefit analysis


The costs involve employee turnover per team YOY and all resources needed for the project
team to implement the system. On the other hand, the benefits include having employees
aligned with company objectives and legal protection for terminations.

10. Glossary
We will define all business vocabulary, industry jargon, and technical terminology for those
unfamiliar with these terms.

Wrike, Inc.

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