Target value calculations explained - Trusted Decisions Wiki (2024)

Target-value calculations are an important tool in the planning and management of projects, company processes and other plans. Target-value calculations are used to measure the progress and success of projects by defining target values and comparing them with the values actually achieved.

Target value calculations can be carried out at various levels, for example at the level of projects, departments or the entire company. The target values are usually defined on the basis of key figures that are intended to measure the progress and success of the project.

Target-value calculations can be used for both quantitative and qualitative targets. Quantitative targets are, for example, sales figures, profits or production volumes. Qualitative goals can be, for example, customer satisfaction, employee satisfaction or the quality of products or services.

Target-value calculations help to monitor the progress and success of projects and to recognize at an early stage if deviations from the target values occur. In this way, corrective measures can be taken in good time to get the project back on track and achieve the desired goals.

Target value calculations explained - Trusted Decisions Wiki (2024)
Top Articles
Latest Posts
Article information

Author: Catherine Tremblay

Last Updated:

Views: 6343

Rating: 4.7 / 5 (47 voted)

Reviews: 94% of readers found this page helpful

Author information

Name: Catherine Tremblay

Birthday: 1999-09-23

Address: Suite 461 73643 Sherril Loaf, Dickinsonland, AZ 47941-2379

Phone: +2678139151039

Job: International Administration Supervisor

Hobby: Dowsing, Snowboarding, Rowing, Beekeeping, Calligraphy, Shooting, Air sports

Introduction: My name is Catherine Tremblay, I am a precious, perfect, tasty, enthusiastic, inexpensive, vast, kind person who loves writing and wants to share my knowledge and understanding with you.