Performance

Empirical measures of performance

Empirical measures of performance
  1. What are 5 performance measures?
  2. What are the three performance measures?
  3. What are some examples of performance measures?

What are 5 performance measures?

There are five specific types of measures that have been identified, defined and will be applied throughout Iowa state government: input, output, efficiency, quality and outcome.

What are the three performance measures?

A performance metric has three components: 1) a quantity, 2) the thing being measured, and 3) a time period.

What are some examples of performance measures?

Productivity, profit margin, scope and cost are some examples of performance metrics that a business can track to determine if target objectives and goals are being met. There are different areas of a business, and each area will have its own key performance metrics.

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