Hi all, I have a question which I have been pondering on.
Assuming the below performance report:
Day 1
Actual 1
Target 1
Achieve 1/1 = 100%
Day 2
Actual 1
Target 1
Achieve 1/1 = 100%
Day 3
Actual 9
Target 10
Achieve 9/10 = 90%
Which method do you use to report the Achievement for the 3 days?
1. Do you take the average of 100%,100%,90% to give 97%
OR
2. Do you sum Actual (Day1+Day2+Day3 = 11) / Target (Day1+Day2+Day3 =12) to give 92%
Mods/Admins - please delete this thread if you think it is not appropriately posted. Thanks.
Last edited by ernestgoh; 02-22-2010 at 03:08 PM.
Both answers are correct. Neither is better than the other.
It's up to the management team to decide whether they want:
1) An average of the daily results (97%)
2) An average of the weekly activities (92%)
Based on the way you phrased the question at the end, I'd think you would choose #2.
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You use the second method, which weights your average. Edit: well, ok JB is right, the first is not incorrect, but in my view the second is better.
True both methods are correct. However, I am actually more for method 2 as it looks at the business as a whole. I feel method 1 could be mis-leading (this is also our current practice now).
Last edited by ernestgoh; 02-22-2010 at 02:23 PM.
It's only misleading if it hasn't been examined what the values being used currently actually mean. You're doing that now, so I imagine it will be reconciled with what your business wants to emphasize.
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_________________
Microsoft MVP 2010 - Excel
Visit: Jerry Beaucaire's Excel Files & Macros
If you've been given good help, use the
Always put your code between code tags. [CODE] your code here [/CODE]
“None of us is as good as all of us” - Ray Kroc
“Actually, I *am* a rocket scientist.” - JB (little ones count!)
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