Task Management Software
 


PDF  Task Management Guide
 
 
 
 
New Articles New Articles RSS feed subscribe
 
What is a Management Dashboard?
The term Management Dashboard defines a wide range of data reporting and visualization tools or dashboards that allow using various performance & efficiency measures to report on an enterprise’s ability to organize and coordinate its activities in accordance with certain policies and in achievement of pre-determined objectives. What is a Management Dashboard?
 
 
 
 
New Checklists News RSS feed subscribe
 
Money Management Action Plan

In this Money Management Action Plan you can read a range of tips and suggestions that will help you manage your money in an effective manner.

Money Management Action Plan
 
 
 
Home » Solutions » Articles » Efficiency calculation software for defining and operating with project and business indicators
Efficiency calculation software for defining and operating with project and business   indicators  

Efficiency calculation software for defining and operating with project and business indicators



 
 

All Travel Checklists

new CentriQS -15% OFF
Business management software
for small & midsize enterprises

Play Demo

VIP Task Manager
Task management software
for teams & small offices
Play Demo / Download

All Travel Checklists

new CentriQS -15% OFF
Business management software
for small & midsize enterprises

Play Demo

VIP Task Manager
Task management software
for teams & small offices
Play Demo / Download

  • What is calculating efficiency? How can efficiency calculation software help?

Business efficiency calculator is a tool that allows controlling business resources, as efficiency in business is the ability to use available business resources and means with maximal productivity and utility. In other words question "how to calculate effectiveness?" refers to specific understanding of "efficiency" and way to apply this conception in practice. In order to calculate efficiency that can be understood in business as determination of utility which some business resource is used with, you need to design an appropriate formula in accordance with the estimation of utility. Utility is determined by quality of inputs processing and producing outputs. That's why process of calculating efficiencyis strongly related to calculation of productivity and taking business resources under accurate control which can be carried out with help of software.

  • How to design a formula for specific business case?

In the result of formula we can get percentage which represents value of current efficiency in percents of best possible efficiency (100%), but how to calculate efficiencyis predefined by specific business objectives and peculiarities of specific situation. Also in order to calculate efficiency we should clearly understand matters which we work with. In order to know how to calculate efficiency we should understand mechanism of how our inputs are processed to produce outputs. Also for designing formula we should know standards for object whose efficiency we research.

For example in business we can take general way of calculating efficiency of time use on the project - you may need to calculate efficiencywhich some period of time is used with. In other words you need to calculate amount of outputs produced during some activity per time unit. Actually we need to calculate productivity of our project team per time unit and compare this value against highest possible productivity (that can be reached in normal conditions, without forcing, overtime work etc.). Proceeding with this example we can say that basis for estimation is formula "output/input" (in given example "amount of production/amount of time").

Efficiency calculation software

VIP Task Manager is collaborative project management software that can work as efficiency calculation software. It can help you to understand when your organization or business system reaches the state of the highest productivity.With a help of efficiency calculator you can detect when more output cannot be obtained without increasing the amount of inputs.

Also with help of the software you can find out that production proceeds at the lowest possible per-unit cost. These indicators are the basics for calculating efficiency in business systems. This efficiency calculator allows you to work with calculations in terms of time and quantitative inputs/outputs as you can supplement each task with calculated attributes to make them an essential element of indicating and calculating effectiveness.

Read also a new article about process management - project management client-server software for Windows

     

All Travel Checklists

new CentriQS -15% OFF
Business management software
for small & midsize enterprises

Play Demo

VIP Task Manager
Task management software
for teams & small offices
Play Demo / Download

 
 
 
home contact site map my account

 


Copyright © 2004 - 2016 VIP Quality Software, Ltd. All Rights Reserved.