Assesment Task 4.docx - Assesor Adil Marini Chandra 33559 Assesment Task 4 Respond to performance data 4.1 Explain how you could utilise and analyse

Assesment Task 4.docx - Assesor Adil Marini Chandra 33559...

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Assesor : Adil Marini Chandra 33559 Assesment Task 4 : Respond to performance data 4.1 Explain how you could utilise and analyse performance reports against planned objectives in your business plan. • Determine the purpose or goals of the analysis. If we recently hired a new reporting analyst and have been asked to check her work, the purpose of your analysis may be to uncover errors or problems. If company sales are trending downward, the purpose of your analysis may be to find the root causes of the poor performance. • Budgeting is to organize and coordinate production, and the selling, distribution, service, and administrative functions. • Compare objective with KPI, benchmarking and make sure it is required to standard of the industry. • Review the data and reports, and look for information related to your analysis goals. Attempt to find patterns, elements that stand out, significant changes, numbers that look too high or too low. It may be helpful to use a manual or online highlighter, and/or note taking, so you can remember and refer back to anything that catches your eye. • Interpret the information. Identify and document the trends you uncovered when you reviewed the data and reports. Draw out the findings that are most important and directly align with your analysis goals.
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