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Performance measurement

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Performance measurement

  • This topic has 7 replies, 2 voices, and was last updated 3 years ago by John Moffat.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • September 26, 2022 at 9:27 am #667211
    johnbriane
    Member
    • Topics: 170
    • Replies: 159
    • ☆☆☆

    Dear sir
    I watched the lectures

    But couldn’t understand

    Firstly
    What’s the difference between critical success factor and goals.

    Secondly
    I am having difficulties in understanding the difference between critical success factors and goals.

    September 26, 2022 at 4:28 pm #667239
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54820
    • ☆☆☆☆☆

    Using McDonalds as an example, they might decide that one of the factors critical to them being successful is the speed of service.

    One of their goals therefore might be to increase their speed of service.

    September 27, 2022 at 10:50 am #667283
    johnbriane
    Member
    • Topics: 170
    • Replies: 159
    • ☆☆☆

    Oh thank you sir
    And the difference between

    Objectives and critical success factors is that

    There maybe many objectives available to achieve one critical success factor

    Am I right sir

    September 27, 2022 at 3:25 pm #667341
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54820
    • ☆☆☆☆☆

    That is true.

    September 29, 2022 at 8:12 am #667495
    johnbriane
    Member
    • Topics: 170
    • Replies: 159
    • ☆☆☆

    Thank you sir and

    Are Goals and key performance indicators (KPI’s) the same thing ?

    September 29, 2022 at 3:41 pm #667536
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54820
    • ☆☆☆☆☆

    No. Goals are what they are aiming for. KPI’s are how they are measuring whether they are achieving their goals.

    September 29, 2022 at 4:44 pm #667561
    johnbriane
    Member
    • Topics: 170
    • Replies: 159
    • ☆☆☆

    Oh ok

    So kPI measures whether the company is achieving their goals or not is correct

    But is it also true to state that KPI measures whether the company is achieving their mission or vision ?

    Thank you sir

    September 30, 2022 at 6:52 am #667577
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54820
    • ☆☆☆☆☆

    KPI measures whether they are achieving their goals.

    If the meet their goals that they are achieving their mission.

  • Author
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Viewing 8 posts - 1 through 8 (of 8 total)
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