Sample-PMSP-MGT437

Sample-PMSP-MGT437 - Performance Measurements 1 Performance...

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Performance Measurements 1 Performance Measurements University of Phoenix MGT 437 Ron Hill
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Performance measurement is the statistical evaluation of a project in obtaining the specified goals. Performance measurement exists in all projects but is characterized based on the project type. The measurement can be established as something simple or very complex. Basic measurements are internal measures, output measurements and satisfaction measures. Each is characterized by a different aspect of the project. Financial ratios are ideal in determining financial information performance. Key financial tools are debt to equity ratio, debt to income, etc. Banks and financial institutions use these ratios along with other evaluations to determine a customer’s creditworthiness. Internal Measures such as time and cost are apparent in every project. All projects have budgets and time constraints that the project managers have to live by. If one of the factors is thrown off, the other will be affected as well. An example is when a project is
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Sample-PMSP-MGT437 - Performance Measurements 1 Performance...

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