Performance Management seems to be going up brighter on the horizon of Human Resource Management. It has emerged as its key function. Academicians, researchers, practitioners, and managers, have been contributing to this highly important and complex field of managing individuals and organizations since the last three decades. The plethora of contributions presents a wide variety of solutions for different organizations, situations and individual needs. Here inferences have been drawn, and a broad picture of the concept, and a general theme on designing and its implications has been drawn. The concept of performance management involves appraisal & evaluation and applied behavior analysis. Basically, it is a systematic data oriented approach to manage the people at work that relies on positive reinforcements, to maximize performance.