The aviation ministry is to start reviewing the performance of public sector undertakings (PSUs) under its aegis on a balance scorecard methodology, the favoured form in private enterprises, starting next month, doing away with the conventional ways of reviewing PSU performance.
“We are trying to institute a disciplined performance management system using the balance scorecard methodology. Over the last three months we have worked with each of the Public Sector Undertakings (PSUs) to develop a balance scorecard that provides a comprehensive assessment of short-term and longterm performance. This will be reviewed by the ministry on a monthly basis,” minister of state for aviation Jayant Sinha told ET.
Under the balanced scorecard methodology, an organisation’s performance is monitored against strategic goals on the basis of a few listed criteria.
In this case, all PSUs under the aviation ministry will be reviewed under 8-10 criteria. From now on, the ministry, which used to measure Air India’s on-time performance, will also review factors leading to it – like aircraft availability, seasonal factors and other reasons leading to OTP.
The new review model has been suggested by Sinha, an investment banker turned politician. The first review of all three PSUs under the ministry Air India, Airports Authority of India (AAI) and Pawan Hans Helicopters will be done by Union Aviation Minister Ashok Gajapati Raju and Sinha in January next year. Red More…