Question

Describe two ways that performance measurement activities can be an asset to an organization that provides financial support to public health agencies.

Answer 1

The two essential ways through which performance measurement activities can be an asset to an organization that provides financial support to public health agencies can be :

1) Looking for 'The scope for improvement' and Correcting Negative Deviations :

Performance measurement activities can prove to be an important asset to an organization which is engaged in providing financial support to public health agencies as these activities will help the organization to measure the performance outcomes of business organization or financial area of field in particular through setting up certain financial targets or standards that recognise a specific performance outcome as an acceptable and desired one for providing efficient support to health agencies. Therefore the performance measurement activities will involve investigating and analysing of the actual performance outputs achieved by the organization in raising funds, earning revenue required by public health agencies ec which will be compared against the standards established in order to see the degree to which performance accomplished the objectives intended to support the financial requirements of public healthy agencies and the negative deviations will be accordingly addressed through identifying problems areas and looking for improvements and scope for progress.

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2) Using performance measurement for establishing Accountability for the funds and performance based contracting and budgeting :

Performance measurement activities will help in creating accountability for raising and investing of funds so that efficient utilisation is ensured. Establishing Accountability will help the business to stick to the strict financial budgets and financial standards to ensure that contract requirements are met on time. Moreover through creation of accountability for the funds to be supplied to public health agencies, the business will focus on preventing falling short of funds when each financial area will operate under set budget to accomplish financial targets.

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Thanks dear student.. Hope this helps.. Please rate if satisfied :)

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