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Detailed information for some level 1 measures such as data collection, benchmarking, best practices, and economic impact are also provided.
Mechanisms are designed to explore the qualitative and quantitative causal relationships among performance measures.
The objective of performance management is to achieve continuous performance improvement.
It now provides clear, concise, and benchmarkable definitions of the metrics, which includes their formulation and can be easily understood by practitioners and lay people alike to clarify differences in definition that may exist between industries and regions.