Within personal and professional lives of the individuals, they are required to carry out number of job duties and responsibilities. Furthermore, they are required to augment information in terms of different types of methodologies and procedures. These are the ways of carrying out all types of job duties and responsibilities in a well-ordered and satisfactory manner. As a consequence, one will render an important contribution in managing their performance. In this manner, one will achieve desired goals and objectives. Furthermore, individuals in leadership positions within professional settings and family members will be pleased. Hence, throughout the lives of the individuals, belonging to all occupations and fields need to augment their information in terms of different types of skills and abilities. Furthermore, one needs to reinforce the traits of morality, ethics, diligence and conscientiousness. These need to be put into operation in a well-ordered and satisfactory manner in order to enhance one’s performance. Furthermore, one will achieve professional goals and bring about improvements in one’s overall quality of lives. Hence, it is of utmost significance to acknowledge and reinforce the strategies in all occupations and fields, which would be facilitating in enhancement of performance. Therefore, augmenting performance management is essential in promoting enhancement of career prospects. The main concepts that are taken into account in this research paper are, understanding the meaning and significance of performance management, measures to be put into operation in augmenting performance management and advantages of augmenting performance management.