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Date: 2024-05-15 Page is: DBtxt001.php txt00024227
THE BASICS OF TVM
PROGRESS AND PERFORMANCE
Measuring PROGRESS often more accurate than measuring PERFORMANCE
Original article:
Peter Burgess COMMENTARY

Peter Burgess
.


MANAGE FOR PROGRESS NOT ONLY FOR PERFORMANCE
PROGRESS is the increase in VALUE (of the STATE)
from beginning to end of the period
PERFORMANCE is very complicated, and depends on the PERSPECTIVE of the analysis.

PROGRESS is less complicated and very much easier to measure ... and manage!

The dynamic change in all of these may be described using some core concepts of accountancy:
  • Beginning Balance Sheet (BOP STATE)
  • Value add | Contribution
  • Value destruction | Cost
  • Ending Balance Sheet (EOP STATE)

The text being discussed is available at

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