Purchase Solution

How should performance metrics be selected?

Not what you're looking for?

Ask Custom Question

How should performance metrics be selected?

How can an organization ensure that individual and organizational performance goals are aligned?

Purchase this Solution
Solution Summary

The solution discusses selecting appropriate performance measures in 400 words.

Solution Preview

Performance metrics should be constructed to encourage performance improvement, effectiveness, efficiency, and appropriate levels of internal controls. They should incorporate "best practices" related to the performance being measured and cost/risk/benefit analysis, where appropriate.

How should performance metrics be selected?
The key elements of the performance metrics to these guidelines should address:
* Alignment with Organizational Mission
* Cost Reduction and/or Avoidance
* Meeting DOE Requirements
* Quality of Product
* Cycle Time Reduction
* Meeting Commitments
* Timely Delivery
* Customer Satisfaction
For strategic performance metrics to be effective, one ...

Purchase this Solution
Free BrainMass Quizzes
Balance Sheet

The Fundamental Classified Balance Sheet. What to know to make it easy.

SWOT

This quiz will test your understanding of the SWOT analysis, including terms, concepts, uses, advantages, and process.

MS Word 2010-Tricky Features

These questions are based on features of the previous word versions that were easy to figure out, but now seem more hidden to me.

Business Ethics Awareness Strategy

This quiz is designed to assess your current ability for determining the characteristics of ethical behavior. It is essential that leaders, managers, and employees are able to distinguish between positive and negative ethical behavior. The quicker you assess a person's ethical tendency, the awareness empowers you to develop a strategy on how to interact with them.

Accounting: Statement of Cash flows

This quiz tests your knowledge of the components of the statements of cash flows and the methods used to determine cash flows.

View More Free Quizzes
Related BrainMass Solutions

  • performance metrics

    106512 How should strategic performance metrics be selected? How should strategic performance metrics be selected?

  • Alignment of Performance Metrics with Goals and Strategy

    144773 Organizational Management How should performance metrics be selected? How can an organization ensure that individual and organizational performance goals are aligned?

  • Riordan Manufacturing

    The quality of the metrics should be maintained and emphasis should be given to the planning, organizing and controlling of the selected metrics (Brown, 1996). // I hope the assistance provided by me is quite sufficient to address the queries.

  • past employer's management team

    Identify the metrics that are most applicable to your current or past employer's management team. 2. Describe why your selected metrics are appropriate.

  • Organizational Performance Metrics

    How should sources of data (i.e. input to the metrics) be identified and verified? d. How should resulting performance data be disseminated and utilized throughout the organization?

  • performance measures

    The metrics that are used in performance measurement and improvement should be those that truly capture the essence of organizational performance.

  • Monitoring Organizational Performance - Metrics

    Who should be involved in the development of metrics within an organization? c). How should sources of data (i.e. input to the metrics) be identified and verified? d).

  • Relevancy of Metrics

    A simple question as to how often should the metrics be collected can be answered with the reply that metrics should be collected and analyzed as often as they are required to align the business function.

  • System Development Life Cycle (SCLC)

    How can a prototype be used? e. What are some metrics that can be used during the SCLC? List the various steps and applicable metrics. f. What are some reasons why systems fail? Please see attachment. 1.

View More Related Solutions