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

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

Reviewed

March, 2024

Ross Maynard

Learning Objectives

To discuss the purpose of performance measurement.
To identify the characteristics of good performance measures.
To develop a Vision Statement for their organization.
To identify the Strategic Priorities necessary for the achievement of the Vision.
To explain how to create Strategic Measures to gauge progress towards the Strategic Priorities identified.
To develop Process Output Measures for the business processes of the organization.
To produce In-Process Measures to monitor the performance of critical steps in each business process.
To analyze how performance measures can be developed for not-for-profit organizations.

Course Description

Are you ready to unlock the secret to achieving peak performance in your organization? Welcome to a game-changing CPE course that will revolutionize the way you measure success. Get ready to embark on a transformative journey that will empower you to harness the true potential of your organization and propel it toward greatness.

In this CPE Business Management course, we strip away the complexity and dive straight into the practical methods of creating performance measures. Designed with small and medium-sized enterprises in mind, our expert instructors will guide you step-by-step, equipping you with the tools and strategies needed to develop a robust performance measurement framework. No more theoretical jargon or confusing models - we focus on real-world applications that yield tangible results.

Imagine a future where your organization's vision is crystal clear, and every action you take aligns seamlessly with your goals. With a network of performance measures in place, you'll gain unprecedented visibility into your progress and be able to course-correct with confidence. It's time to break free from the limitations of traditional measurement approaches and unlock a new era of performance excellence.

Key topics covered in this course:

Better Thinking Better Results
Creating a Clear Vision
Strategic Priorities and Measures
Process Output Measures
In-Process Measures
Creating Performance Measures Summary
Performance Measures Examples

Don't miss out on this opportunity to revolutionize your organization's performance measurement practices. Enroll today and discover the power of creating performance measures that truly drive success.

Overview

The purpose of performance measurement

4 mins
Setting the scene for the vision

14 mins
Setting the strategic priorities

25 mins
The performance measures challenge

38 mins
The majestic Hotel: In-Process Measures -Rooms management

53 mins
Creating performance measures for a Not-for-profit organization

71 mins
Process output measures

78 mins

Webinar Qualifies For

2 CPE Credit of Business Mgmnt and Org for Certified Public Accountants (CPA-US)
2 General Credit of Business Mgmnt and Org for Accountant/Bookkeeper/Tax Professionals
2 CPD Credit of Business Mgmnt and Org for CPA in Canada
2 CPE Credit of Business Mgmnt and Org for Certified Management Accountants (CMA)
2 CPD Credit for Association of Chartered Certified Accountants (ACCA)
2 CPD Credit for Chartered Accountant - ICAEW
2 PDU Credit of Business Accumen for Project Management Professional (PMP)
2 CE Credit of Business and strategic decisions for Certified FP&A Professional (FP&A)
2 CPD Credit for Chartered Accountants - Scotland
2 CPE Credit of Business Mgmnt and Org for Iowa Licensed Public Accountant (IA-LPA)
2 CPD Credit for Chartered Accountants - Ireland (CAI)
2 CPD Credit for CPA - Ireland
2 CPE Credit of Business Mgmnt and Org for Maine Licensed Public Accountant (ME-LPA)
2 CPE Credit of Business Mgmnt and Org for Delaware Licensed Public Accountant (DE-LPA)

About Instructor

Ross Maynard

Managing Director, Ideas2Action Process Excellence Ltd

My philosophy is to inspire, challenge and support change. I have nearly 30 years’ experience as a business author and consultant.

As a consultant, I specialise in process improvement based on the Lean philosophy. I facilitate improvement teams and provide expertise in performance measurement and management; problem solving; and process improvement.

As well as delivering webinars for MyCPE, I develop courses and webinars for the ACCA (Association of Chartered Certified Accountants) in the UK and other specialist business and finance providers.

I live in Scotland, near Glasgow, with my wife, daughter and Cocker Spaniel.

Additional Information

Duration

2 Hours

Course Level

Basic

Instructional Method

QAS Self Study

Pre-requisites

None

Advance Preparation

None

FAQ’s

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NASBA APPROVED

MY-CPE LLC, 1600 Highway 6 south, suite 250, sugar land, TX, 77478

MY-CPE LLC (Sponsor Id#: 143597) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of continuing professional education on the National Registry of CPE Sponsors. State boards of accountancy have final authority on the acceptance of individual courses for CPE credit. Complaints regarding registered sponsors may be submitted to the National Registry of CPE Sponsors through its website: www.NASBARegistry.org.

Ratings and Review

4.3

Excellent

Very Good

Average

Poor

Terrible

Emily Monchusie, CPA (US)

Nonprofit that I work for has this established and I do feel it is important to continue to focus staff and establish steps to achieve our purpose.

Susan Moore, CMA

Long but informative. Thank you

Ekaterina Shea, CMA

Good

Christel Tebartz, Tax Professional

The presenter worked hard to put the course together. I had hoped for more practical help in creating performance measure for the annual employee performance review.