The use of KPI's and/or a balanced scorecard for performance measurement and analysis does not require the capture of large volumes of data.

Question

Quizplus · Accepted Answer

While KPI's and balanced scorecards aim to provide a more focused and targeted approach to performance measurement, they still rely on data capture and analysis. In fact, data plays a critical role in identifying appropriate metrics, setting performance targets, tracking progress, and making informed decisions. Therefore, using KPI's and/or a balanced scorecard for performance measurement and analysis typically requires capturing and analyzing large volumes of data.

The Use of KPI's And/or a Balanced Scorecard for Performance