Objectives of Performance Analysis

Specific analytical objectives of performance analysis are as follows:

1. Performance Description: It is an accurate and meaningful presentation of performance information in order to obtain a good understanding of the current performance status.
2. Performance Monitoring: It is the presentation of performance change over time in order to identify the direction and the development of the performance, and more importantly, to detect any sign of underperformance.
3. Performance Understanding: It is to specify the causes of performance (or underperformance) and to develop proper strategies for performance improvement.
4. Performance Evaluation: It is an assessment of the impact of performance enhancement initiatives, which include policies, programs, or practices designed for performance improvement.