Oregon productivity matrix - performance measures, Operation Management

Assignment Help:

Oregon Productivity Matrix - Performance Measures

The Oregon productivity matrix (OPM) was developed in Oregon State University in 1986 and measures accomplishments against goals. The OPM is seen as a grid in which different measurement categories are depicted vertically along the grid. Sub- goals and final goals are set horizontally. The following elements are important for the OPM's usefulness.

Firstly, it allows for multiple measurement categories where baseline and current performance levels are depicted. Secondly, it sets a goal level for each category to be achieved over a specified period of time with incremental sub-goals. Lastly, different goals are weighted according to their significance. The versatility of this tool is strengthened by the opportunity to include any desired goal with the underlying sub-goals and then weigh these according to their importance. By doing this, aggregate performance scores can be generated periodically and be used as an objective foundation for a performance management system.


Related Discussions:- Oregon productivity matrix - performance measures

Explain tuxedo ordering system for a local school system, You are on a proj...

You are on a project team that has been assigned a tuxedo ordering system for a local school system your question here

Explain malcolm baldrige national quality award, "Malcolm Baldrige National...

"Malcolm Baldrige National Quality Award" Please respond to the following Discuss the standout features of the companies approaches to managing operations. Discuss the attribute

What are generally accepted accounting principles, Yvon, an accountant, is ...

Yvon, an accountant, is charged with negligence by Zesty Sauce, Inc., a client. Yvon may successfully defend against the claim if she can show that (Points : 2) scienter was lackin

Explain decision tree analysis superior products, Homework for Chapter 5: D...

Homework for Chapter 5: Decision Tree Analysis Superior Products Inc. is considering two potential equipment alternatives for production of their best selling product line. Option

Standard deviation - statistical aspects of variability, Standard Deviation...

Standard Deviation - Statistical Aspects of Variability Although the range gives an indication of variability, its value is solely determined by two measurements, the largest

Explain safety stock would provide a stock out risk, The injection moulding...

The injection moulding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 g

Explain what will be the total costs for each alternative, Ergonomics Inc. ...

Ergonomics Inc. sells ergonomically designed office chairs. The company has the following information: Average demand = 54 units per day Average lead time = 30 days Item u

Explain project management tools for a health care, "Project Management" Pl...

"Project Management" Please respond to the following: •Determine the key characteristics that should be considered when selecting project management tools for a health care organiz

Explain the most competent and respected individuals dictate, Norms are the...

Norms are the unwritten rules that specify appropriate and expected behaviour in teams. Which of the following statements is most true about norms in a team? a. It is best to not i

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd