Performance Measurement - Revision history

User at 17:47, 9 April 2024

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2022-12-10T18:18:45Z

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User: Performance measurement is a management discipline that focuses on quantifying the resources consumed and results achieved from a business process or operation. The objective is to create the highest possible value for the lowest possible cost and risk.

2019-01-06T16:47:14Z

Performance measurement is a management discipline that focuses on quantifying the resources consumed and results achieved from a business process or operation. The objective is to create the highest possible value for the lowest possible cost and risk.

User: Created page with "'''Content Coming Soon'''"

2018-12-04T16:56:16Z

Created page with "'''Content Coming Soon'''"

New page

'''Content Coming Soon'''

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-Performance measurement is a management discipline that focuses on quantifying the resources consumed and results achieved from a business process or operation. The objective is to create the highest possible value for the lowest possible cost and risk.
+== What is Performance Measurement? ==
-Often, this leads to the exact opposite outcome:
+'''Performance Measurement''' is the process of collecting, analyzing, and reporting information regarding the performance of an individual, group, organization, system, or component. It involves using various metrics to quantify the efficiency and effectiveness of actions. Performance measurement is integral to performance management, as it provides the data needed to assess progress toward achieving predetermined goals, facilitates decision-making, and supports strategic planning and improvement initiatives.
-Performance measurement's promise is not realized because managers often:
+== Key Aspects of Performance Measurement ==
-===See Also===
+== Benefits of Performance Measurement ==
 *[[Performance Measurement Baseline (PMB)]]
 *[[Performance Measurement Tools]]
-*[[Balanced Scorecard]]
-*[[IT Investment (Information Technology Investment)]]
+Exploring these topics can help understand a multifaceted approach to performance measurement, its significance in driving improvement, and its impact on strategic decision-making.
-*[[Project Portfolio Management (PPM)]]

@@ Line 15: / Line 15: @@
 ===See Also===
 *[[Balanced Scorecard]]
 *[[IT Investment (Information Technology Investment)]]
 *[[Project Portfolio Management (PPM)]]

@@ Line 1: / Line 1: @@
-Performance [[measurement]] is a [[management]] discipline that focuses on quantifying the resources consumed and results achieved from a [[business]] [[process]] or operation. The [[objective]] is to create the highest possible [[value]] for the lowest possible cost and [[risk]].
+Performance measurement is a management discipline that focuses on quantifying the resources consumed and results achieved from a business process or operation. The objective is to create the highest possible value for the lowest possible cost and risk.
-Often, this leads to the exact opposite [[outcome]]:
+Often, this leads to the exact opposite outcome:
 *Performance measurement becomes an end in itself consuming inordinate amount of resources and taking away focus from results
 *Incorrect measurement leads to wrong decisions
@@ Line 7: / Line 7: @@
 Performance measurement's promise is not realized because managers often:
-*Pick the wrong measures or [[metrics]]
+*Pick the wrong measures or metrics
 *Focus on the short term
 *Rely on financial measures
@@ Line 15: / Line 15: @@
 ===See Also===
-[[Balanced_Scorecard|Balanced Scorecard]]<br />
+*[[Balanced Scorecard]]
-[[Information_Technology_Investment_Management_(ITIM)|IT Investment Management]]<br />
+*[[IT Investment (Information Technology Investment)]]
-[[IT_Metrics_(Information_Technology_Metrics)|IT Metrics]]<br />
+*[[Project Portfolio Management (PPM)]]

@@ Line 1: / Line 1: @@
-Performance measurement is a management discipline that focuses on quantifying the resources consumed and results achieved from a business process or operation. The objective is to create the highest possible value for the lowest possible cost and risk.
+Performance [[measurement]] is a [[management]] discipline that focuses on quantifying the resources consumed and results achieved from a [[business]] [[process]] or operation. The [[objective]] is to create the highest possible [[value]] for the lowest possible cost and [[risk]].
-Often, this leads to the exact opposite outcome:
+Often, this leads to the exact opposite [[outcome]]:
 *Performance measurement becomes an end in itself consuming inordinate amount of resources and taking away focus from results
 *Incorrect measurement leads to wrong decisions
@@ Line 7: / Line 7: @@
 Performance measurement's promise is not realized because managers often:
-*Pick the wrong measures or metrics
+*Pick the wrong measures or [[metrics]]
 *Focus on the short term
 *Rely on financial measures

← Older revision		Revision as of 16:47, 6 January 2019
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−	'~~''Content Coming Soon'''~~	+	Performance measurement is a management discipline that focuses on quantifying the resources consumed and results achieved from a business process or operation. The objective is to create the highest possible value for the lowest possible cost and risk.
		+
		+	Often, this leads to the exact opposite outcome:
		+	*Performance measurement becomes an end in itself consuming inordinate amount of resources and taking away focus from results
		+	*Incorrect measurement leads to wrong decisions
		+	*Accurate measurement leads to wrong decisions
		+
		+	Performance measurement's promise is not realized because managers often:
		+	*Pick the wrong measures or metrics
		+	*Focus on the short term
		+	*Rely on financial measures
		+	*Measure what is not measurable or does not lend itself to traditional metrics
		+	*Prefer quantitative over qualitative measures
		+
		+
		+	===See Also===
		+	[[Balanced_Scorecard\|Balanced Scorecard]]<br />
		+	[[Information_Technology_Investment_Management_(ITIM)\|IT Investment Management]]<br />
		+	[[IT_Metrics_(Information_Technology_Metrics)\|IT Metrics]]<br />
		+	[[Project_Portfolio_Management_(PPM)\|Project Portfolio Management]]