How is Performance Measurement Different than Financial Measures?
Performance Measurement focuses on measuring what people in the company do to serve customers. It blends financial and non-financial measures that are leading and lagging. Performance Measurement is manifested in a Performance Scorecard that every department in an organization can use to guide their efforts. Most importantly, Performance Measurement prioritizes activities so all associates are working towards a common goal.
Related Questions
- Why is the language for the performance measures in the Project Status Chart templates different from the language for the performance measures in the Federal Register closing date notice?
- How are these performance measures different from ones previously released by HAB?
- What measures of financial performance are analysed?
