Performance management is a prominent concept within the broader field of human resource management. It is a perpetual and flexible process which implies that managers and their subordinates work as a part of a partnership agreement which assigns how they should cooperate so as to achieve the results demanded. In terms of this cycle, the main actions involve defining a role, agreeing to the expected results, elaborating a personal development plan, following the current performance management guidelines, overviewing these, assessing the results and modifying these if necessary. The definition of a role indicates the confines within which performance management functions and involves the aim of the role, stated key results areas and crucial competencies