KPI are important in setting the direction of the country's development

 

The setting of key performance indicators (KPI) for every minister of the unity government cabinet can bring about a positive impact on efforts to strengthen the country’s development.

Economic analyst Professor Emeritus Barjoyai Bardai said the KPI will show the government’s clear direction under the leadership of Prime Minister Anwar Ibrahim in strengthening the country’s economy, which will provide confidence to businesses and foreign investors.

He said a strong economy would lead to better performance of the stock market, foreign exchange and direct foreign investment.

“The best KPI for this unity government needs to involve three main components, which relate to what will be offered during the tabling of the Budget 2023, the implementation of the 15th general election (GE15) manifesto and the resolution of issues brought up during Parliament sessions.

“As the government is made of a pact between Pakatan Harapan and Barisan Nasional, we can, for instance, choose a middle area that focuses on what was emphasised in the manifestos of both these coalitions,” Barjoyai said today.

Yesterday, Anwar said that a retreat would be held next week for the cabinet to set the KPI for each ministry.

Professor Emeritus Barjoyai Bardai

Barjoyai said the KPI would not be merely to measure the performance of each minister and ministry, but what was important was to use them as a guide to arranging short-, middle- and long-term plans to realise them.

Meanwhile, Universiti Malaysia Kelantan Malaysian Graduate School of Entrepreneurship and Business dean Prof Roselina Ahmad Saufi said four main cores need to be stressed in creating a holistic and objective set of KPI.

She said the creation of a policy that sets the KPI and its implementation can be outlined by the Prime Minister’s Office involving the aspect of targets desired and the method of measurement.

“Second, we see what the implications of the KPI will be. In this matter, the prime minister, as captain of the ship, needs to state clearly the vision, mission and direction of his administration for the short, middle term and of course, five years from now.

“This direction must be understood by all parties, especially the Cabinet ministers, so from there, each ministry can interpret them into an agenda or their respective KPI,” Roselina said.

‘Conduct engagement sessions with stakeholders’

She said that every ministry was urged to conduct engagement sessions with stakeholders and parties with interests, taking into consideration the aspirations and complaints from the people in outlining their KPI.

“For this unity government, the engagement session needs to be held with component parties that form the government, and perhaps even the opposition,” Roselina added.

She said that the last and most important core was the monitoring of the KPI’s implementation so that it is in line with the vision and mission of the government and should be tabled at the cabinet and broadcast to the public in an agreed and suitable timeframe.

- Bernama