The Need for Performance Reporting
January 7th, 2012Performance reporting is carried out to gauge the performance of certain institutions, government departments or simply to measure the effectiveness of an action or activity. A performance report, in layman terms, is an account on the performance of a certain thing or act. It gauges how successfully an institution has carried out its job, how effective a particular measure has been or how suitable a certain action was to remedy a prevailing problem. Performance reports often contain a set of performance indicators. These measure the success or effectiveness of the activity in question and help authorities judge their current position in a particular dilemma.
Apart from being used to exhibit the performance of certain activities, performance reporting is also carried out by agencies or institutions to provide documentation of their success and to present an official account of their actions. This is usually done so that the stakeholders in the institution are reassured that their interests are being protected.