Performance Score Calculation Quiz

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What score would result from achieving a revenue of 80 Cr in the example provided?

85

70

75

80 (correct)

If a revenue of 40 Cr is achieved, what would be the resulting score?

50

55

30

0 (correct)

What is the score associated with achieving a revenue of 65 Cr?

75

65

60

70 (correct)

In the provided context, what would be the score for reaching a revenue of 90 Cr?

100 Signup and view all the answers

How is the total score against a KPI calculated?

By multiplying weightage with performance score Signup and view all the answers

What would be the final score for all parameters if each has a weightage of 10% and performance scores of 80, 90, and 70 respectively?

$24$ Signup and view all the answers

What is a key characteristic of effective performance indicators?

Oriented towards driving desired behaviour Signup and view all the answers

Why is it important for an officer to identify the link between their performance parameters and the company's scorecard?

To ensure alignment with strategic objectives Signup and view all the answers

What should be possible in relation to performance indicators?

Setting targets against them Signup and view all the answers

Why is course correction considered an integral part of GPMS implementation?

To ensure targets can be adjusted if needed Signup and view all the answers

What score would achieving the target against each parameter of the scorecard result in?

'100' Signup and view all the answers

Why is it crucial for information technology use in the company to aim for accurate reports on key performance parameters?

To ensure informed decision-making based on accurate data Signup and view all the answers

Who evaluates the overall performance of groups at the corporate office?

CMD Signup and view all the answers

How is customer satisfaction primarily assessed in the GPMS scorecards?

Through a customer survey by an external agency Signup and view all the answers

What parameters are used to evaluate customer satisfaction in the GPMS scorecards?

Brand and advertising, product innovation, customer responsiveness, quality of service Signup and view all the answers

Who is responsible for evaluating the performance of SSAs in the GPMS scorecards?

Circle Heads Signup and view all the answers

In which cases would the evaluation of circles be done by internal customers / stakeholders?

For circles without external customers Signup and view all the answers

How are groups' achievements reported in the GPMS system?

By the person to whom the group reports Signup and view all the answers