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 ?
For most enterprises, approximately 45 key performance measurements could be used.
The demand for the inclusion of performance measurements in budget documents is largely driven by organizations such as the Government Finance Officers Association and the Governmental Accounting Standards Board, which champion their use as an effective way to guide appropriations decisions.
"The implications for both peak and sustained performance measurements are staggering.
CPAs have irrefutable market permission to do accounting, audit and tax work, but the market's reaction to CPAs' offering ElderCare-Plus services or health care performance measurements is less certain.
Where do you start to establish performance measurements?
If performance measurements are to help to achieve results, they must relate directly to the program's mission and its key results.
Each of the 24 performance measurements explain how they are resulting in efficiencies and service improvements.
Governments of different hues have introduced performance measurements, which, allied to countless curriculum and structural changes, have placed teachers under huge pressure.
Once performance measurements are an established part of corporate culture and managers are familiar with them, revision of the compensation system must be made.
Two of these business-unit managers acknowledged that they were not collecting data, and one stated that performance measurements were recently implemented within the unit but no data has been reported.
The best performance of an enterprise cannot be sustained without effective performance measurements that are operationally based, measure processes, work in harmony with each other, and correlate with the financial and cost performance reporting system.

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