performance evaluation meaning

  "performance evaluation" in a sentence
The assessment of a manager's results, which involves, first, determining whether the money manager added value by outperforming the established benchmark (performance measurement) and, second, determining how the money manager achieved the calculated return (performance attribution analysis).

[Industrial engineering]
"The analysis in terms of initial objectives and estimates, and usually made on site, of accomplishments using an automatic data-processing system, to provide information on operating experience and to identify corrective actions required, if any."


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