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Performance Prism

Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA APM Exams › Performance Prism

  • This topic has 3 replies, 2 voices, and was last updated 9 years ago by Ken Garrett.
Viewing 4 posts - 1 through 4 (of 4 total)
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  • April 16, 2016 at 11:08 am #310346
    zulfi245
    Member
    • Topics: 65
    • Replies: 38
    • ☆☆

    1- If question ask to apply performance prism ( does not mention about performance measures) do we have to mention performance measures for each facet.

    2- having difficulty in producing measures for Strategy and process. (How they will be different) Example would help

    Thanks

    April 17, 2016 at 11:23 am #310427
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    Generally the performance prism will be asked in the context of a question where you have to apply it so I think that a couple of performance measures for each face would produce a more useful answer.

    Strategy: could be cost leadership.
    Process: could be high reliance on advanced automation and JIT
    Resources: sophisticated IT to allow accurate forecasting of demand, scheduling of machinery use and ordering of parts.

    April 17, 2016 at 5:24 pm #310473
    zulfi245
    Member
    • Topics: 65
    • Replies: 38
    • ☆☆

    Thanks .

    for second part Measures could be

    Strategy-Cost per unit
    Process- No of errors after IT implementation vs Before implementation

    Right ? /guide me

    April 17, 2016 at 10:01 pm #310552
    Ken Garrett
    Keymaster
    • Topics: 10
    • Replies: 10594
    • ☆☆☆☆☆

    That would be fine.

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