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Refining The Selection And Use Of Performance Measures
Need to consider the audience, data requirements, sources and frequency for reporting purposes:
- Who is the audience for this information, and how might it bu used?
- What data is required and how frequently will it be needed?
- What is the cost of collecting this data relative to the benefits of having the information (ie - can the data be extracted using existing systems, and is the information a "nice to have" or essential)?
- Are there conflicting definitions across the organization (ie - stakeholders)
- Are mechanisms in place to ensure data quality and reliability?
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