Performance management in the sphere of public administration

Abstract

Performance evaluation of private sector institutions is usually based on profit as one of the main indicator and source of relevant information. However, the importance to monitor and manage performance at government institutions and institutions of public sector increases currently. This paper is focused on the issue of performance management at the level of public administration. The aim of this paper is to define a model based on the use of the main financial relationship among public administration and other economic subjects in case of the Czech Republic. This will be done using the "3E" principles (Economy, Effectivenes, Efficiency), which define the organizational performance on a global way.