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Performance measurement Vs Performance management

Forums › ACCA Forums › ACCA APM Advanced Performance Management Forums › Performance measurement Vs Performance management

  • This topic has 7 replies, 6 voices, and was last updated 12 years ago by angryhamtaro.
Viewing 8 posts - 1 through 8 (of 8 total)
  • Author
    Posts
  • February 16, 2012 at 1:14 pm #51502
    taiwodarams83
    Member
    • Topics: 6
    • Replies: 7
    • ☆

    Hi all,

    Wondering if you can assist!

    Is there any difference between performance measurement and performance management? Really confused…………

    February 19, 2012 at 2:37 pm #94526
    John Moffat
    Keymaster
    • Topics: 57
    • Replies: 54680
    • ☆☆☆☆☆

    Performance management is doing things to improve the performance of the business e.g. controlling costs better

    Performance measurement is measuring the performance of the business e.g. have costs fallen, has profit increased.

    February 22, 2012 at 11:19 am #94527
    mrfaizankhan
    Participant
    • Topics: 16
    • Replies: 31
    • ☆

    Very well elaboration.

    February 27, 2012 at 4:43 pm #94528
    taiwodarams83
    Member
    • Topics: 6
    • Replies: 7
    • ☆

    Thank so much, John. Well understood!

    Regards

    September 13, 2012 at 12:24 pm #94529
    Anonymous
    Inactive
    • Topics: 0
    • Replies: 2
    • ☆

    there are similarities between Business Analysis and Advanced performance Management?

    September 15, 2012 at 2:28 pm #94530
    angryhamtaro
    Member
    • Topics: 10
    • Replies: 162
    • ☆☆

    @gasana, yes you use models like BCG and Ansoff from P3 to interpret results from your performance measurements and then formulate strategies for performance management.

    December 3, 2012 at 6:51 pm #94531
    umeranwar
    Member
    • Topics: 1
    • Replies: 2
    • ☆

    Kindly Explain Models link Such as Balance scorecard and Building block . . . wether they are part of performance measurement or performance management ??? and kindly give some example of Systems which is part of syllabus under the heading of Performance measurement and Performance Management . and Kindly answer me before 6th December if possible . Thank you

    December 3, 2012 at 8:01 pm #94532
    angryhamtaro
    Member
    • Topics: 10
    • Replies: 162
    • ☆☆

    Models are there to simplify performance reporting, and the specific results are used by different levels of management to achieve an organisational strategy. Look into June 2012 Q1 for a good example of how you classify the cluttered data according to the needs of different managers.

    An Enterprise Resource Planning system should come to mind when a central database is used to collate data and interpret results. It also can be extended outside the company to include close competitors’ systems for benchmarking, or linked to suppliers and customers’ systems for a well integrated value-chain.

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