Really and seriously, there is no need to reinvent the wheel - this was done, and done well, under the previous Performance Management and Delivery Unit (Pemandu) set up in 2009 under then prime minister Najib. Idris Jala was moved from Malaysia Airlines to head the unit, eventually becoming a minister.
This was one of the few things of worth that the Najib administration did - spoiled by his greed and stealth subsequently - and it gave a clear road map of transformation for both the government and the economy, for all its complexity, in easily understandable terms.
What was great about it was that it set quantifiable targets for both ministries and government departments, and unambiguous deadlines by which time the targets under the KPIs were to be met. Ministers and departments had their performances rated and audited independently.
It was no wishy-washy document which set things in general terms. For example, the target for economic growth was set at six percent per year for the period from 2010 to 2020. Developed status was to have been achieved by 2020, based on the per capita income as given by the World Bank...