“Discipline” – is what you achieve when you have proper Management Review System

in an Organization….

ManageMent Review SySteM

Brisk Management Solutions

What is meant by “Management Review”:

Types of Management Reviews:

Daily Review

Weekly Review

Monthly Review

Quarterly / Annual Review

Step 1: DelegateStep 2: Check Execution of Delegation

Daily Review Systems

FeaturesThese are reviews generally conducted at the lowest level of business process or hierarchies. It could be for “activities” given to executives to check on whether they are properly executed.

Type of Reviews• Daily Sales Reviews• Daily Project Reviews• Daily Section Reviews

Typical Participants• Executive Team• Section Heads• Project Team Leaders

Types of Decisions:• Operational Decisions (lowest level)• Activity clearances

Weekly Review Systems

FeaturesThese are reviews conducted to watch the progression towards monthly goals. It could be for “sub-phases/ weekly goals” given to executives to check onwhether they are properly executed.

Type of Reviews• Weekly Management Review• Weekly Departmental Review• Weekly Business Review

Types of Decisions:• Operational Decisions (Medium to High level)• Strategic Decisions (Lowest Level)• Short Term Plans & Reviews• Resource Mobilizations• Inter Departmental Communications

Typical Participants• Head of Departments• Senior Management• Executive Team

Monthly Review Systems

FeaturesThese are reviews conducted to watch the progression towards Annual goals. Monthly meets are the most important meets in the Review System. Watching progress of the company by taking a snapshot of a month is important. Financial Closures is most important ingredients before a monthly meet. Further, appraisal also is integrated in certain companies on a monthly basis for employee contribution assessments.

Types of Decisions:• Operational Decisions (High level)• Strategic Decisions (Medium to High Level)• Mid Term Plans & Reviews• Performance Appraisals• Plan Vs Actual Variance Issue Clearances

Type of Reviews• Monthly Review Meets• Project Review Meets• Management Review Meets

Typical Participants• Senior Management• Head of Departments• Board of Directors

Quarterly / Annual Review Systems

FeaturesThese are strategic review meets and the highest form of Management Review System. The progression towards Annual Goals is the objective. Also approvals of budgets, clearances of reports and performance measures are assessed in detail during these meets. Accounts are adopted and various progress reviews are cleared during these meets.

Types of Decisions:• Strategic Decisions (High Level Only)• Long Term Plans & Reviews• Accounts Adoption• Budget Clearances

Type of Reviews• Board of Directors Meets• Investor Meets• General Body Meets• Strategic Review Meets

Typical Participants• Senior Management• Board of Directors• Promoters, Investors & Shareholders• Auditors