Product Performance Management
Determine effectiveness of financial products through measurement and analysis of data to enable continued performance in meeting intended goals
Type
Functional
Competency Area
Product, Sales and Market Management
Levels
Analyse data to determine effectiveness of financial products and financial risks
Monitor performance indicators and feedback of products performance
Perform products offering matching to ensure they meet target customer profile needs Identify issues affecting products performance abilities
Support conduct of financial analyses on product
Identify factors driving performance of products
Implement monitoring and evaluation programmes
Analyse results and trends of products performance and identify possible areas of improvement
Perform cost-benefit and risk analyses on products
Resolve financial product performance issues and financial risk management activities
Determine products performance indicators in line with intended organisational goals
Articulate intended financial and non- financial goals for products
Identify assumptions, parameters and thresholds for assessing products
Design performance evaluation criteria and tools
Evaluate products performance based on sales figures and compare to intended financial goals
Build financial models to simulate product performance under various scenarios
Perform financial analyses and financial risk assessment on products
Perform analyses on the gaps identified in products and provide recommendations for improvements
Monitor trends and historical performance of product portfolios
Recommend product performance improvement and financial risk management activities
Drive performance evaluation metrics, outcomes and corrective actions for financial products
Endorse products performance indicators and ensure alignment to organisational goals and strategic objectives
Evaluate products performance according to established products performance indicators
Evaluate financial risk assessment findings for impact on product performance
Review and formulate solutions to improve products and corresponding financial performance
Review evaluation criteria and tools
Review issues and root causes that may affect products performance abilities
Review feedback from customers on products, content and experience performance
Review trends and historical data on performance of product portfolios to guide strategy development
Establish organisational guidelines for financial products performance management systems
Align products performance evaluation criteria in line with organisational goals
Formulate organisation- led strategies to address gaps in products performance
Design financial risk management and risk assessment frameworks for financial products
Devise frameworks to manage products performance
Lead identification and formulation of feedback channels from stakeholders