13. Types of Standards
Quantitative Standards
Examples: Cost to be incurred, Revenue to be earned,
Number of units to be produced & sold, Time to be spent in
performing a job, etc.
Qualitative Standards
Examples: Improving goodwill, Improving motivation level
of employees etc.
1.SETTINGPERFORMANCESTANDARDS
DR RAMES SHARMA
14. Measuring of Actual Performance on the basis of pre-
determined standards. It tells the Manager whether the
work has been done according to the plan or not.
2. MEASUREMENTOF ACTUAL PERFORMANCE
DR RAMES SHARMA
15. Deviations are Calculated by Comparing Actual
Performance with the Standards
*Important:
To know the cause of Negative Deviation
*Equally Important:
To know about the Cause of Positive Deviation
3.COMPARISONOFACTUALPERFORMANCEWITHSTANDARDS
DR RAMES SHARMA