How to design efficiency calculation formula for specific business case?
In the result of efficiency calculation formula we can get percentage which represents value of current efficiency in percents of best possible efficiency (100%), but how to calculate efficiencyis predefined by specific business objectives and peculiarities of specific situation. Also in order to calculate efficiency we should clearly understand matters which we work with. In order to know how to calculate efficiency we should understand mechanism of how our inputs are processed to produce outputs. Also for designing efficiency calculation formula we should know standards of efficiency for object whose efficiency we research. For efficiency calculation example in business we can take general way of calculating efficiency of time use on the project – you may need to calculate efficiencywhich some period of time is used with. In other words you need to calculate amount of outputs produced during some activity per time unit. Actually we need to calculate productivity of our project team p
