Performance evaluation

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Performance evaluation

The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return (performance attribution analysis).
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Performance Evaluation

A comparison of one money manager's performance to a group of comparable money managers. This is done periodically to maintain competitiveness and to judge a particular manager's performance. Performance evaluation judges managers based on the return he/she made for clients relative to his/her peers and on how the manager did so. Managers who do well during performance evaluations are rewarded with raises, promotions, and bonuses. Managers who do not do as well are passed over for these things and may be eventually fired. See also: Evaluation period, Manager universe (benchmark).
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
The best performance evaluations are not events but rather continuous feedback loops in which there are different indicators reviewed within a repeating cycle.
6 orders all government agencies to conduct a performance evaluation twice a year following guidelines prescribed by the Civil Service Commission.
Finally, 60% of preparers believe that their organization allows them enough time to complete performance evaluations carefully and accurately, although 24% indicated that they might be rushed because of a lack of time.
The performance evaluations help Adec determine the need for professional development programmes, develop school improvement plans and improve principals' and teachers' qualifications.
These changes mean that contractors must take great care to stay on top of past and ongoing performance evaluations. One crucial aspect of this effort is the management of due dates and time-lines.
Another common aspect of performance evaluations is a self-assessment, although there seemed to be some divergence in whether respondents' firms included a self-assessment as part of its individual engagement evaluation.
In other words, the need to justify decisions or an assurance that all measures are relevant and reliable encourages managers to include both common and unique measures in their performance evaluations. Including all measures in evaluations strengthens the likelihood that the underlying business strategy will be implemented successfully and encourages managers to pay attention to all facets of the BSC.
Those with questions or concerns about performance evaluations or fitness reports can contact NPC customer service by calling toll-free (866) 827-5672, DSN 882-5672 or by emailing
Jankowski's performance evaluation in executive session.
Each year, Open Ratings helps thousands of companies secure contracts with large purchasing organizations such as the GSA by verifying their performance with Past Performance Evaluations (PPEs).
Based on feedback from providers and vendors, KLAS (Orem, Utah) is revising its performance evaluations for healthcare technology software, services and medical equipment vendors.

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