Over the last decade there has been a remarkable transformation in the expansion and use of performance measures for government organizations. The revitalization of policy system, appropriate manpower planning, anti-corruption euphoria has become the key ingredients of good performance and good governance. The hub of human excellence is deeply rooted with the human skill, abilities, potentialities and expertise all channelizing to performance. The presents study throws light on the notion of performance management and is thus seen as a potentially powerful tool to remedy underperformance in government. Literature of the study hovers around on the index factor of performance measurement practices in government department, performance targets in public domain, the challenges and hindrances in measuring performance in public sector organizations, framework for risk-focused performance management system, evaluation of government mandated performance management systems and result based management and performance in public sector. The main source of conceptualizing the domains is formulated with the Experts opinion comprising both academicians and practicing managers in the industry in Kolkata as well as across the country through primary and secondary collection methods viz., Domain A: Initializing Index Factor for Performance Management, Domain B: Building Performance Targets, Domain C : Drafting Risk focused Performance Management System Domain D: Establishing Evaluation Mechanism of Performance Management System and Domain E: Introducing Result Based Performance Management System. The coverage of the paper makes an attempt to reveal the prominent domains that may be considered in line with performance management for sustainable development for the organizations of 21 st century millennium.