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what is the difference of the performace measurement and performace management. I am confused by looking at June 2012 Q5.I am not sure waht knowledge is examing to candidates?
Hi kylefran,
In my opinion, the main things to be retained are the following:1) Performance measurement focuses on results and allows users to analyze those results through charts, grids, trends, and by drilling-down to even greater depths of detail.
So, it relates to the end results/outcomes.
2) Performance management by contrast is all to do with the business processes and day-to-day actions that lead to strategic goals. This includes how management choose a particular course of action in a given business environment.
As for this one, it relates to how that outcome is being achieved; i.e. before arriving at this profit level for instance.
(Please correct me if am wrong).
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