Performance measurement and reporting provides information that is factually based and measures progress, effectiveness of a process while monitoring if outcomes are being achieved. In this article, we discuss 1) business performance management, 2) performance measurement process, 3) performance measures, 4) performance reporting components, and 5) benefits of performance reporting. BUSINESS PERFORMANCE MANAGEMENT Business performance management is a set of management processes that analyze and enable a company to achieve set objectives. The purpose of performance management is to improve work performance and encourage individual productivity in organizations, as well as to identify and eliminate ineffective performers as well as
