Performance measurement

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Performance measurement

Calculation of the return a money manager realizes over some time interval.
Copyright © 2012, Campbell R. Harvey. All Rights Reserved.

Performance Measurement

Any of many different mathematical measures to evaluate how well a company is using its resources to make a profit. Common examples of performance measurement include operating income, earnings before interest and taxes, and net asset value. It is important to note that no one measure of performance should be taken on its own. Rather, to arrive at a true sense of how a company is doing, one must use as many different measures as possible together.
Farlex Financial Dictionary. © 2012 Farlex, Inc. All Rights Reserved
References in periodicals archive ?
Now it's been revealed staff in the department have a performance measure that says 80% of decisions "are to be upheld" - in other words, MRs reject 80% of claims.
Indeed, a recent PricewaterhouseCoopers survey revealed that nearly 60% of IPOs over the past three years included at least one non-GAAP performance measure, with nearly two-thirds of such measures focusing on EBITDA or a variation thereof.
(c) Recommend, with reasons, four performance measures that could be used to assess whether the project objectives, as set by the government of Q, are being met (eight marks).
After a content analysis, only 14 articles yielded topics related to performance measures and measurement.
The five performance measures are: underwriting margin; operating cash flow ratio; return on assets; return on surplus and internal capital formation.
For example, at the 80th percentile of mortality, we found that a 1% increase on the discharge instructions performance measure was associated with .5% lower mortality at 90 days.
The survey's results revealed that multiple performance measures, including subjective criteria, are widely used for evaluating and rewarding managerial performance.
Several appendices are included with useful references, such as a sample performance measure survey form, a sample data collection flow sheet, a table for calculating body mass index, and a guideline on how to measure waist circumference.
The authors analyze four properties of performance measures: controllable risk, uncontrollable risk, distortion, and manipulability.
A limitation associated with the measurement of PMSs was the focus on the 'use' of the performance measure. It is possible that the reported lack (or low level) of use could either mean the measures were not available, or were available, but not found to be useful.

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