Measure your Performance
Once the project starts operations, managers must evaluate the actual performance of each operating area, especially Marketing, Operations and Accounting, and compare those results to the information used or generated during the pre-investment evaluation. This unit is about designing and implementing a metric system to track the project performance and achieve the organizational goals.
What metrics provide the right incentive to managers, and how the business performance is going to be shaped by the internal measurement system.
How to design and implement a metrics system, to measure the performance of the different business helping managers and owners set and track goals and achievements.
How results and financial data are used to evaluate the performance of the marketing/promotion plan, the production technology and return on the investment.
Different financial elements included in the business' performance measurement system (e.g. EBITDA, overhead, ROE) and how different transactions and cost allocation affect performance measurements.