There are two factors involved in measuring performance.
These two factors are often not considered together. If performance is good, that is, targets are achieved by increased activity, the secondary consideration of control within that expanded level of activity is often overlooked. However, when targets are not achieved control of costs is not always related to the actual level of activity.
Have targets been achieved?
Have costs been controlled in the light of actual activity levels.
KeywordsCash Flow Cost Control Engineering Service Budget Variance Weekly Statement
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.
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- 4.Information, Communication and the Paperwork Explosion, T. J. Bentley, McGraw-Hall 1976.Google Scholar
© Trevor J. Bentley 1978