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there are different ways by which performance testing is done across different companies and sometimes among different projects in the same company......
like some follow the interactive way where while the test is being run from controller the person running the tests gives/takes all the details about the execution to the people monitoring the databse and web server through a conference call.....
some follow another approaches.....
i would like to hear from other experienced people what do they think is the ideal execution method ....
Re: ideal way
I like the way you describe, with collaborative evaluation of results, and re-engineered scripts to isolate and exploit bottlenecks, but it really depends on the organization what is best.
Take a look at http://www.perftestplus.com It has an overview of the methodology that I use.
Scott Barber, Sr. Performance Engineer