Forums › ACCA Forums › ACCA PM Performance Management Forums › confused need help sir
- This topic has 2 replies, 2 voices, and was last updated 9 years ago by Shah.
- AuthorPosts
- March 5, 2015 at 7:53 pm #231413
Sir,
Could you tell me the difference between Performance Management and Performance Measurement?Would (Performance Management be helpful for PIPFA paper of (Performance Measurement)
March 6, 2015 at 8:38 am #231445I will answer your question, but in future please ask in the Ask the Tutor Forum is you wish me to answer – this forum is for students to help each other.
Performance management is looking at ways of improving the performance of a business (for example, how to decide on the selling price that will earn most profit; how to control costs.)
Performance measurement is examining ways of actually measuring whether or not performance has improved (for example, looking at the return on capital employed; measuring whether the quality has improved or not).
I don’t know the syllabuses for the PIPFA exams, but I would guess that certainly the chapters in our ACCA Paper F5 lecture notes (and the lectures that go with them) on Performance Measurement would be helpful.
March 6, 2015 at 1:07 pm #231488Sir
Thanks a lot.
- AuthorPosts
- You must be logged in to reply to this topic.