we're doing this at our company too. We've just finished with the first step, ie, finalizing a list of competencies needed in all job roles. We've divided roles into functional, technical and behavioral. This first step itself has taken about a month to finalise in a small organization like ours. so suggest you to begin this first step before anything else.
The next step is to make a role vs competency matrix, which he haven't begun yet, but things will not be as diff as taking the first step :)
29th August 2008 From India , Pune
The lousy manager,
2nd September 2008 From India , Thiruvananthapuram
30th August 2010 From New Zealand , Nelson