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Evaluation of performance measurement system

Forums › ACCA Forums › ACCA APM Advanced Performance Management Forums › Evaluation of performance measurement system

  • This topic has 8 replies, 5 voices, and was last updated 11 years ago by Avatarmykekal.
Viewing 9 posts - 1 through 9 (of 9 total)
  • Author
    Posts
  • November 29, 2014 at 7:34 am #214226
    Avatarjacobspider
    Member
    • Topics: 15
    • Replies: 20
    • ☆

    What things we have to include while evaluating performance measurement system?

    November 29, 2014 at 9:43 am #214257
    AvatarKen Garrett
    Keymaster
    • Topics: 10
    • Replies: 10653
    • ☆☆☆☆☆

    That’s a very wide question.

    I suggest you look at:

    https://www.accaglobal.com/uk/en/student/acca-qual-student-journey/qual-resource/acca-qualification/p5/technical-articles/reports.html

    This is dealing with performance reports, but it makes a useful start by considering what you need to report on ie what you need to measure.

    You then ave to decide how to measure. So if you want to measure customer service, what metrics would you use? See Chapter 11 of the notes.

    The meaurements have to be done consistently.

    SMART acan also be used. Objectives against which performance is going to be compared should be:

    Specific, measurable, achievable/accepted/fair, relevant, time-limited.

    November 29, 2014 at 10:10 pm #214531
    Avatarmykekal
    Member
    • Topics: 8
    • Replies: 23
    • ☆

    I have read this technical article before. But I need to be more clear on your reply. If the question asks for (i) an evaluation of the performance management report (ii) an evaluation of the performance management/measurement system – should we use the suggested approach in this technical article? That is – Purpose, Audience, Information and Layout.

    December 1, 2014 at 9:14 pm #215552
    AvatarNEENA
    Participant
    • Topics: 12
    • Replies: 42
    • ☆☆

    Purpose of report
    Audience for report
    Layout
    Information

    December 2, 2014 at 2:00 am #215669
    Avatarmykekal
    Member
    • Topics: 8
    • Replies: 23
    • ☆

    Are you saying I should use the same approach for both questions?

    December 2, 2014 at 11:21 am #215932
    Avatartemesgen
    Participant
    • Topics: 5
    • Replies: 34
    • ☆

    Dear Mykekal, if the question is about evaluation of the performance management report, yes you need to evaluate from the purpose, audience, content (information) and layout perspective.

    However, if the question is about evaluation of the performance management/measurement systems, you should evaluate whether the system in place is effective in addressing the strategic objectives of the company, shall evaluate whether the performance measurement is linked to strategy or mission, or whether the reward is linked to performance in a way to address the strategic objectives. whether the system addresses both financial and non-financial, short-term and long term objectives, qualitative and quantitative issues, internal and external matters like customer satisfaction and competitors actions etc.

    That means the two are different…hope this will help out…

    December 2, 2014 at 11:30 am #215938
    Avatarmykekal
    Member
    • Topics: 8
    • Replies: 23
    • ☆

    Thank you Temesgen. Now I understand the difference; It helps a lot.

    December 2, 2014 at 12:08 pm #215955
    Avatartemesgen
    Participant
    • Topics: 5
    • Replies: 34
    • ☆

    My pleasure and good luck for both of us!!! this is my last sitting and I really want to make it happen!!!

    December 2, 2014 at 12:15 pm #215959
    Avatarmykekal
    Member
    • Topics: 8
    • Replies: 23
    • ☆

    Good luck to both of us too! Its my last paper as well. It has been a nightmare and a struggle for the last 3 sittings with this paper. I hope the examiner will be satisfied with my script this time.

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