Viewing 1 to 12 of 12 items
Archive | Performance-Related RSS feed for this section

Respond

Desirable conditions and events with rewards; and correct undesirable conditions and events so that the organization recovers from and resolves each immediate issue and improves future performance.

Comments Off on Respond

Planned Performance

Is the level of reward that the organization expects to gain once planned actions and controls are operating.

Comments Off on Planned Performance

Opportunity

Is an event that has, on balance, a desirable effect on achieving objectives.

Comments Off on Opportunity

Likelihood

A measure of the chance of an event occurring. Usage Notes Quantitatively, likelihood is typically expressed as either: Probability Likelihood (Mathematical) Qualitatively, likelihood is typically expressed using an Ordinal Scale (high, medium, low). Be careful  Full Article…

Comments Off on Likelihood