KPI important in setting direction of country's development - analysts
09 Jan 2023 05:07pm
Image for illustrative purposes only - FILE PIX
Economic analyst, Professor Emeritus Dr Barjoyai Bardai said the KPI will show the government’s clear direction under the leadership of Prime Minister Datuk Seri 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 relates 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 PH (Pakatan Harapan) and BN (Barisan Nasional), we can for instance, choose a middle area that focuses on what was emphasised in the manfestos of both these coalitions,” he told Bernama today.
Yesterday, Anwar said that a retreat would be held next week for the Cabinet to set the KPI for each ministry.
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 arrange short, middle and long term plans to realise them.
Meanwhile, Universiti Malaysia Kelantan Malaysian Graduate School of Entrepreneurship and Business Dean Prof Dr 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,” she added.
Roselina 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,” she added.
She said that the last and most important core was the monitoring of the KPI’s implmentation 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 time frame. - BERNAMA
