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Seven Principles for Performance Measurement

Seven Principles for Performance Measurement Stacey Barr Pty Ltdthe Performance Measure Specialist ABN 57 129 953 635 PO Box 422 Samford Queensland 4520 Australia Mobile: 0408 883 458 Seven Principles for Performance Measurement What is excellent Performance Measurement really based on? by Stacey Barr introduction There are Seven Principles which are the criteria that define excellence for Performance Measurement . By aiming to achieve them as outcomes of your Performance Measurement system, you ll ensure that the information you create for managing your business will be truly useful.

Performance measurement needs to be based on principles. Principles are beliefs, codes or morals used to guide behaviour. Principles bring consistency and predictability to whatever they are applied to. They are not rules, they are not prescriptive actions and they are not truths. They give you a direction and an intent. The

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Seven Principles for Performance Measurement

www.staceybarr.com

Without these principles, performance measurement systems often end up with limitations and problems like these (do you recognise any?): • a financial bias that does not reflect all of the important areas of business performance and therefore little capability to manage proactively;

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