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measurement and management

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › measurement and management

  • This topic has 3 replies, 3 voices, and was last updated 5 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
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    Posts
  • September 1, 2020 at 8:56 pm #583054
    zkaay
    Participant
    • Topics: 212
    • Replies: 98
    • ☆☆☆

    Hello sir,

    if the q whats “advise the board about the problems w the measurement and management of the performance of joint venture” as an example for 10 marks

    can we explain the problems directly.

    or

    we should separate measurement problems
    and management problems in the answer?

    thanks alot

    September 2, 2020 at 9:06 am #583092
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10616
    • ☆☆☆☆☆

    Yes. For measurement you first decide what has to be measured and why. Management would then be deciding how to react to those measures.

    A two column approach could work, one for the measures and one for their management.

    Note that there could be additional management problems not connected to measurement eg not meeting often enough, wrong people attempting management.

    September 5, 2020 at 8:50 pm #583614
    th894
    Member
    • Topics: 9
    • Replies: 11
    • ☆

    is setting targets for managers according to their areas of responsibility performance measurement or management? when a question refers to performance management, is it okay to talk about the information systems needing to be good to provide reliable accurate and timely data so that performance can be managed?

    September 5, 2020 at 8:56 pm #583615
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10616
    • ☆☆☆☆☆

    Setting targets is management: it encourages certain types of behaviour. Tracking results is measurement.

    Yes, IS needs to be good eg capturing the correct information, doing analyses and summaries quickly enough and reporting information in useful and flexible ways.

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