Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA PM Exams › Performance measurement
- This topic has 7 replies, 2 voices, and was last updated 2 years ago by John Moffat.
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- September 26, 2022 at 9:27 am #667211
Dear sir
I watched the lecturesBut 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 #667239Using 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 #667283Oh thank you sir
And the difference betweenObjectives 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 #667341That is true.
September 29, 2022 at 8:12 am #667495Thank you sir and
Are Goals and key performance indicators (KPI’s) the same thing ?
September 29, 2022 at 3:41 pm #667536No. 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 #667561Oh 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 #667577KPI measures whether they are achieving their goals.
If the meet their goals that they are achieving their mission.
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