The "CIMA: Performance Management – Strategy & Execution" course provides a comprehensive foundation in the principles and practices of performance management within a strategic business context. The course opens by defining performance management and its critical role in supporting the execution of business strategies. Learners explore key concepts, the evolution of performance measurement practices, and why managing performance has become essential in today’s competitive environment.

Strategic performance setting is a key theme, with lessons on translating corporate strategy into clear, measurable objectives using SMART criteria. Learners will understand how to align departmental goals with the broader organisational vision and manage risks associated with strategic performance. By mastering goal-setting techniques, students will develop the ability to ensure that strategic intent is reflected throughout all levels of the business.

Measuring and monitoring performance is explored through the development of effective Key Performance Indicators (KPIs) and Critical Success Factors (CSFs). The course introduces the balanced scorecard approach, benchmarking strategies, and best practices for designing robust performance measurement systems. Learners will discover how to integrate financial and non-financial indicators, focusing on metrics such as customer satisfaction, innovation rates, employee engagement, and environmental performance, to achieve a holistic view of organisational success.

Performance analysis is another major focus, teaching learners variance analysis, cost management, scenario analysis, and sensitivity analysis techniques. Students will learn how to use performance data to make informed, strategic decisions that create long-term value. The role of modern technologies in performance management is also addressed, including the use of Management Information Systems (MIS), Business Intelligence (BI) tools, automation, and artificial intelligence to streamline data tracking, reporting, and decision-making.

The course also emphasises continuous improvement by teaching learners how to conduct performance audits, identify gaps, and apply models like Kaizen and Six Sigma to enhance processes. Finally, ethical considerations are integrated into the curriculum, highlighting the importance of fairness, transparency, and integrity in setting targets, measuring performance, and reporting outcomes to avoid manipulation and promote a culture of trust.

By the end of the course, students will have the knowledge and practical skills to develop, implement, and manage high-impact performance management systems that support strategic execution and sustainable business growth.