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Performance measurement and performance management

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › Performance measurement and performance management

  • This topic has 3 replies, 3 voices, and was last updated 6 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
  • Author
    Posts
  • May 16, 2019 at 8:54 am #516106
    Yovin
    Participant
    • Topics: 26
    • Replies: 1
    • ☆

    What’s the difference between performance measurement and performance management?

    May 17, 2019 at 8:51 am #516235
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10595
    • ☆☆☆☆☆

    The whole ‘subject’ is performance management: how do you improve the performance of the organisation. However, what is meant by ‘performance’ and for this you really have to know the purpose of the organisation ie its mission. For example, making profits will be the purpose of many organisations but not the purpose of a charity, for example.

    Organisations then have to set up measures of desirable performance which provide employees with targets and which allow management to track performance, usually comparing actual performance to budgets or objectives. This is the performance measurement part of the exercise.

    You cannot judge or manage performance without measuring it.

    May 20, 2019 at 3:21 pm #516600
    tahsas23
    Member
    • Topics: 0
    • Replies: 2
    • ☆

    Performance measurement is determining how well is the organization performing (Identifying area of poor performance and are of strong performance) while performance management is taking actions to improve the area where performance is poor.

    May 20, 2019 at 7:23 pm #516636
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10595
    • ☆☆☆☆☆

    This is the ‘Ask the tutor forum’. Your contribution, though I assume well-intentioned, is superficial.

  • Author
    Posts
Viewing 4 posts - 1 through 4 (of 4 total)
  • The topic ‘Performance measurement and performance management’ is closed to new replies.

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