Performance evaluation in 7 steps

How to measure performance in 7 steps
  1. Define performance objective as clearly as possible
  2. Relate performance in terms of output and input relationship which are definitely more than 1
  3. Choose the most suitable KPI for measuring certain performance area.
  4. Obtain before and after training or other intervention data.
  5. Conduct the true performance analysis and eliminate the impact of volume
  6. Convert performance improvement to one year performance
  7. Calculate the return on investment and IRR