Schedule Efficiency is a schedule’s performance level that shows how scheduled activities and events consume the lowest amount of inputs to produce the greatest amount of outputs. It is a qualitative characteristic that compares the actual effect of the activities and events to the expected or preset effect, on the assumption of the same consumption of available resources (money, time, labor, etc.). The measure is important in determination of productivity.
A schedule becomes efficient when it is fulfilled with a higher performance level as compared to planned performance standards, such as accuracy, completeness, speed and cost. Then all the activities and events placed on that schedule are performed faster and with fewer resources. The schedule’s efficiency tends to an increase if the difference between the planned and the actual effects are greater.
Schedule efficiency is an important attribute in evaluating productivity. It determines the time constraint in productivity calculation. For example, an employee does more tasks and thereby shows higher productivity if he/she actually performs those tasks in a shorter time period, as compared to the assigned job schedule. The actual time period the employee consumes to do the tasks will prove the efficiency of the job schedule.