MBA-Project-Sample-on-Performance-Management-System

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TABLE OF CONTENTS

EXECUTIVE SUMMARY                                                                                     5

OBJECTIVE OF THE PROJECT                                                                        6

INTRODUCTION OF COMPANY                                                                        7

INTRODUCTION OF BSPS                                                                               12

VISION & MISSION                                                                                            14

REVIEW OF LITERATURES                                                                              15

PERFORMANCE MANAGEMENT SYSTEM IN NHPC                                      17

MAP PERFORMANCE CYCLE                                                                           21

Part B- SKILL/ COMPETENCY ASSESSMENT                                                 32

RESEARCH METHODOLOGY                                                                            40

DATA ANALYSIS                                                                                                 41

RESEARCH FINDINGS                                                                                        50

CONCLUSION                                                                                                      50

SUGGESTIONS                                                                                                    51

LIMITATIONS                                                                                                       51

QUESTIONNAIRE                                                                                                52

REFRENCE & BIBLIOGRAPHY                                                                          54

 

 

EXECUTIVE SUMMARY

The Performance Management System is a process of setting objectives, making plans to achieve those objectives and accomplishing the desired results. Rewards and recognition are the end stage of this process. Organizations use this system to assess the performance of an individual, a team, a function and then the organization as a total. In this project, the whole performance management system is described for the company NHPC.

This cycle starts when NHPC signs a Memorandum of Understanding (MoU) with the Government of India. In this memorandum the vision, mission and values, targets and action plans are mentioned. In NHPC, system have been devised to cascade Organizational Goals into individual goals by framing out objectives of the company from the MoU at corporate level and there by preparing a Balance Score Card both at corporate and unit level. The summarized feature of this process is sequentially breaking down the organizational goals into an individual’s e-MAP.

This project describes about the Performance Management System which is followed in NHPC. This project also describes the problems faced by the appraisees and the appraisers in this system. It also elaborates about the steps taken by the appraisers to improve the performances of the appraisees so that their efficiency can be increased and later the rewards and recognitions are given in the form of promotions, incentives and empowerment.

1.    INTRODUCTION OF COMPANY

NHPC LIMITED NHPC Limited (Formerly National Hydroelectric Power Corporation), A Govt. of India Enterprise, was incorporated in the year 1975 with an authorised capital of Rs. 2000 million and with an objective to plan, promote and organize an integrated and efficient development of hydroelectric power in all aspects. Later on NHPC expanded its objects to include other sources of energy like Geothermal, Tidal, Wind etc Market Value At present, NHPC is a schedule 'A' Enterprise of the Govt. of India with an authorized share capital of Rs. 1,50,000 Million . With an investment base of over Rs. 2,20,000 million Approx. In 2009-2010 NHPC made a profit after tax of Rs2090 crores . A increase of 94% than the previous year profit of 1050 crores. NHPC is among the top ten companies in India in terms of investment. Department of Public Enterprise, Govt. of India recently conferred prestigious Miniratna status to NHPC. Initially, on incorporation, NHPC took over the execution of Salal Stage-I, Bairasiul and Loktak Hydro-electric Projects from Central Hydroelectric Projects Control Board. Since then, it has executed 14 projects with an installed capacity of 5295 MW on ownership basis including projects taken up in joint venture. NHPC has also executed 5 projects with an installed capacity of 89.35 MW on turnkey basis. Two of these projects have been commissioned in neighbouring countries i.e. Nepal and Bhutan at a capacity of 14.1 &60 MW. On-going work Presently NHPC is engaged in the construction of 10 projects aggregating to a total installed capacity of 4502 MW . NHPC has planned to add 5322 MW during 11th Plan period. 12 projects of 9651 MW are awaiting clearances/Govt. approval for their implementation. Detailed Projects report or Feasibility Report are being prepared for 7 projects of 5755 MW. Since its inception in 1975, NHPC has grown to become one of the largest organizations in the field of hydro power development in the country. With its present capabilities, NHPC can undertake all activities from concept to commissioning of hydroelectric projects.       Hydro Power Stations Total - 5295 MW S.no. Power Plant State Commissioned Capacity (MW) year of commission 1 Baira siul Himachal Pradesh 180 1981 2 Loktak Manipur 105 1983 3 Salal-I Jammu & Kashmir 345 1987 4 Tanakpur Uttarakhand 120 1992 5 Chamera-I Himachal Pradesh 540 1994 6 Salal-II Jammu & Kashmir 345 1996 7 Uri-I Jammu & Kashmir 480 1997 8 Rangit Sikkim 60 1999 9 Chamera-II Himachal Pradesh 300 2004 10 Indira Sagar Madhya Pradesh 1000 2005 11 Dhauliganga-I Uttarakhand 280 2005 12 Dul Hasti Jammu & Kashmir 390 2007 13 Omkareshwar Madhya Pradesh 520 2007 14 Teesta-V Sikkim 510 2008 15 Sewa-II Jammu & Kashmir 120 2010                         Hydro Power Stations Under construction Total - 4502 MW S.no. Power Plant State Total Capacity (MW) Completion Schedule 1 Kishenganga Jammu & Kashmir 330 2016 2 Teesta Low Dam-III West Bengal 1320 2011 3 Parbati-II Himachal Pradesh 800 2013 4 Subansiri (Lower) Assam 2000 2012 5 Chamera-III Himachal Pradesh 231 2010 6 Teesta Low Dam-IV West Bengal 160 2011 7 Parbati-III Himachal Pradesh 520 2010 8 Nimmo-Bazgo Jammu & Kashmir 45 2010 9 Chutak Jammu & Kashmir 44 2011 10 Uri-II Jammu & Kashmir 240 2011 Hydro Power Stations constructed on Deposit/Turnkey Basis Total - 89.3 MW S.no. Power Plant Country/State Total Capacity (MW) Year of Commissioning 1 Devighat Nepal 14.1 1984 2 Kurichu Bhutan 60 2002 3 Kalpong Andaman and Nicobar Islands 5.25 2001 4 Sippi Arunachal Pradesh 4 2007 5 Kambang Arunachal Pradesh 6 2008 During the financial year 2010-2011 , NHPC Power Stations achieved the highest ever generation of 18604 MU.

GENERATION

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During the period 2010-2011 , NHPC had a sales turnover of 4046.59 crore with a Net Profit of 2166.67 crore.

SALES Vs PROFIT

Presently NHPC is engaged in the construction of 10  projects aggregating to a total installed capacity of 4502  MW. NHPC has added   1970  MW during the  10th Plan period and planned to add 2230 MW during 11th Plan period. 12  projects of 9651 MW are awaiting clearances/Govt. approval for their implementation. Detailed Projects report are being prepared for 7 projects of  2485 MW. Since its inception in 1975, NHPC has grown to become one of the largest organisation in the field of hydro power development in the country. With its present capabilities, NHPC can undertake all activities from concept to commissioning  of  Hydroelectric Projects.

OBJECTIVE OF THE PROJECT

To study the process and to understand the importance of Performance Management System in NHPC that synchronizes the performance of the employees so as to make the work effective.

• To analyze the Performance Management System of NHPC in detail and its effectiveness.
• To analyze the problems faced by the appraisee and the appraiser in this system.
• To analyze the steps taken by the appraisers for the improvement of the performances of the appraisees.