President-elect Barack Obama has announced the appointment of a Chief Performance Officer to oversee… well, to oversee government performance. It’s unclear what is in store for former McKinsey & Co. consultant Nancy Killefer, who has accepted the new post. But one thing is sure: It’s going to be a really big job. For more on what the CPO gig may involve, we’re joined by Max Stier, the president and CEO of the Partnership for Public Service.

Watch the press conference introducing Nancy Killefer.