Tag Archives: Performance Management Framework

Introducing the Power By The Hour Approach

Posted on Sat 14 Mar 2020 by

In designing a Performance Management Framework (PMF) for a new Performance Based Contract (PBC) the team asked about using a “Power by the Hour”™ approach and asked my opinion.  Given the general similarity between Power by the Hour and PBC … Continue reading →

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Perverse Incentives – Part 2

Posted on Sat 19 Jan 2019 by

In the previous article (see Perverse Incentives – Part 1) I discussed why PBC practitioners need to be aware of the potential for perverse incentives in our PBC arrangements.  In this article let’s look at how PBC practitioners, both buyers and … Continue reading →

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Reliability in Performance Based Contracts (PBCs) – Part 2

Posted on Sat 09 Dec 2017 by

In the previous article (see Reliability in PBCs – Part 1) we defined how reliability of a system or service could be used in a Performance Based Contract (PBC) including defining whether we were measuring success or failure, and whether … Continue reading →

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Treatment of Safety in a Performance Based Contract

Posted on Sat 07 Oct 2017 by

One topic that has constantly come up over the years is how to treat safety in a Performance Based Contract (PBC). In a previous article (see Designing Successful Performance Based Contracts) we described a PBC as having two main parts; … Continue reading →

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Performance Based Contracting (PBC) Incentive Regime (Part 2)

Posted on Sat 23 Sep 2017 by

In the previous article (see PBC Incentive Regime (Part 1)) I described the various benefits to both buyer and seller of having an incentive regime in a Performance Based Contract (PBC). In this article, let’s look at how to successfully … Continue reading →

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Process for Developing a Performance Based Contract (PBC)

Posted on Sat 10 Jun 2017 by

Many years ago when preparing to teach a 1-day Performance Based Contracting (PBC) workshop it occurred to me that while we had an 8-step process for developing it wasn’t entirely accurate. In fact of the 100+ PBC that I have … Continue reading →

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Changing Performance Measures

Posted on Sun 23 Oct 2016 by

I recently read an article by Robert Wolcott in the Harvard Business Review (HBR) titled “Don’t be Tyrannized by Old Metrics”. The article discussed the virtue of companies continuously reviewing, and where necessary, changing performance measures especially where there was … Continue reading →

Posted in Contract Management, Performance Measure, the How, the What | Tagged , , , , , , , , , | 3 Comments