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How to Create Performance Measures

How to Create Performance Measures

A practical guide to creating performance measures for your organisation
Created byRoss Maynard
Last updated 2/2024
English

What you'll learn

  • Describe the purpose of performance measurement
  • Identify the characteristics of good performance measures
  • Develop a Vision Statement for their organisation
  • Identify the Strategic Priorities necessary for the achievement of the Vision
  • Create Strategic Measures to gauge progress towards the Strategic Priorities identified
  • Develop Process Output Measures for the business processes of the organisation
  • Produce In-Process Measures to monitor the performance of critical steps in each business process
  • Consider appropriate performance measures for a not-for-profit organization

Course content

1 section10 lectures1h 19m total length
  • Better Thinking Better Results8:30
  • Creating a Clear Vision10:41
  • Strategic Priorities and Measures7:54
  • Process Output Measures6:46
  • In-Process Measures5:25
  • Creating Performance Measures: Summary3:08
  • Performance Measures Example 114:58
  • Performance Measures Example 211:29
  • Performance Measures for Not-For-Profit Organisations4:30
  • Key Learning Points6:38

Requirements

  • There are no pre-course requirements

Description

Welcome to How to Create Performance Measures: A Guide for Managers and Business Owners.

The purpose of this course is to offer a practical method for creating performance measures for your organisation. It is specifically aimed at small and medium sized enterprises, but the general principles and method apply to organisations of all sizes.

The key to effective performance measures is a clear vision with performance measures that show progress towards it. In my view, keeping it simple with a clear line of sight from the activities of the business to the vision of the organisation are critical to success. The course, therefore, builds on the firm foundations offered by a clear and engaging vision to develop a network of performance measures throughout the organisation that show progress towards that vision.

The aim of the course is to offer a practical step-by-step guide to creating performance measures rather than cover theoretical concepts and models.

The course lays out a pathway for creating performance measures for organisations of all types. The topics covered include the characteristics of good performance measures; how to develop a Vision Statement for your Organisation; creating Process Output and In-Process measures; and performance measures for a Not-for-Profit organisation.

I hope you enjoy the course.

Who this course is for:

  • Accountants
  • Finance Managers
  • Finance professionals
  • Business managers
  • Students of finance and accounting
  • CFOs
  • Business management students