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Performance measurement/performance management

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

  • This topic has 2 replies, 2 voices, and was last updated 10 years ago by monica786.
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  • November 29, 2014 at 1:00 pm #214353
    monica786
    Member
    • Topics: 10
    • Replies: 44
    • ☆☆

    Hi,

    is performance management system the same as performance measurement system?

    And performance management is where you improve performance in essence by measuring what matters?

    November 29, 2014 at 1:04 pm #214363
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10591
    • ☆☆☆☆☆

    Well, they are very closely related. If you are going to manage performance you first have to measure it.

    I suppose performance could be measured but then no action taken as a result of those measurements – but that owuld be a waste of effort.

    As you say, the first thing you have to do in performance management is to decide what is ‘good’ performance and then devise ways of measuring that.

    November 29, 2014 at 2:04 pm #214412
    monica786
    Member
    • Topics: 10
    • Replies: 44
    • ☆☆

    thank you Gromit!

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