Research on performance management system of EPC project based on OKR model
In recent years,OKR management model is not only widely used in Internet companies,but also increasingly experimented in different industries and fields.In EPC project management,incentivizing team members and improving their technical innovation ability isessential to higher efficiency and effectiveness.OKR requires that the objectives are not only challenging,but also highly consistent with the key results,not directly linked to individual performance,emphasizing two-way and transparent communication.It is a kind of management model that is very suitable for knowledge-based teams in EPC projects,technology research&development,and intellectual performance manufacturing.Taking the performance management of EPC project of an oil company as an example,this paper made three innovations to the conventional OKR method,especially combining the ideas of BSC and KPI with OKR.The improved OKR management model serves as a reference for the EPC project performance management of petroleum engineering enterprises in the period of digital economy.