Performance Measurement taxonomy – linking Performance Measurement and Management
smartKPIs.com Performance Architect update 15/2010
In my previous update, I discussed the concept of taxonomy and outlined the structure of a Performance Management taxonomy. A subset of Performance Management is Performance Measurement and thus a separate taxonomy is required to illustrate its key elements.
The Performance Measurement taxonomy outlined below starts with a list of Performance Measurement instruments that provide the link with the Performance Management taxonomy. The other elements illustrate the various descriptors of performance measures.
The taxonomy is listed in a linear format, as it is still work in progress. A more complex map of the taxonomy can be structured once it matures:Performance Measurement Instruments
- Goals / Objectives
- Performance indicators / metrics
- Key Performance Indicators
- Measure owner
- Data custodian
- $ Value
- # Number
- % Percentage
- When increasing
- When decreasing
- When within an interval of values
- Year to date
- Rolling average
Listing and grouping such elements is a good first step. Exploring the relationships between them and linking them in a map structure will provide a much richer picture.
Stay smart! Enjoy smartKPIs.com!
Performance Architect, www.smartKPIs.com