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Posts Tagged ‘Performance Measurement’

Frequency of KPIs tracking and reporting

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Tracking KPIs

Tracking Key Performance indicators (KPIs) provides relevant feedback for the current state of organizational performance. KPIs also assist in the decision making process regarding actions that need to be taken to improve future performance. Measuring performance is a key organizational process that can be enhanced by making smart decisions about the frequency of measurement. It is highly important to know how often to track and report using KPIs.

Introducing Performance Measurement

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Performance-Measurement Performance measurement is a sub process of performance management that focuses on the identification, tracking and communication of performance results by the use of performance indicators.  It deals with the evaluation of results, while performance management deals with taking action based on the results of the evaluation and ensuring the target results are achieved.

Economic value added or EVA ®

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Economic value added

Economic value added or EVA® is a measure of the true economic profit of a company. Although in a sense it is nothing more than the traditional, commonsense idea of “profit”, it makes a clear separation from dubious accounting adjustments that may occur (remember ENRON, which for a long period of time was reporting profits, while in fact was in the final approach to becoming insolvent).

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