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i know performance measurement and performance management are both different…. can performance measurement be a part of performance management…??? i want detailed insight into performance management……
briefly – in order to manage the performance, you should firstly measure it .
Performance measurement is the tools we use to measuring the performance such that
– Financial KPI on profit based and value based, ie. ROI, RI, EVA, NPV, MIRR
– Non Financial KPI
– Variance analysis, balance scorecard, building block, pyramid, VFM
It’s some can quantify, compare, benchmark, measurePerformance management is the model that something we use to manage such that
– Prism, VBM, Six-sigma
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