Here is a comprehensive article about building a Performance Management System for your organisation, with a useful checklist of the key elements.
360 Degree Feedback can be a valuable addition to your Performance Management process, as it can adding another valuable layer of information about the individual and their interactions with their colleagues.
Check out how you can run much of your Performance Management online with tools like Track's 360 Degree Feedback, Online Appraisal, Skills Assessment and Team analysis.