Versions Compared

Key

  • This line was added.
  • This line was removed.
  • Formatting was changed.

...

  • Where the action's status is ‘Completed’, the performance would be always set to ‘On Track’.

  • Where the action's statuses are either ‘Deferred’ or ‘Ongoing’, the performance would be always set to ‘N/A’

  • Where an action has the status ‘Not Started’ or ‘In Progress’, the performance will be calculated as below:

Info

Performance = (Percentage Complete / Target Completion %) * 100

  • Percentage Complete = The actual performance of the action based on the percent complete value added (between 1 – 99). This is added by the user in the ‘% Completion’ field within the risk action.

  • Target Completion % = Target will be calculated considering the start and end dates with linear progression, whereby performance would be 0% on the start date, and 100% on the end date. 

    • Target = [(Current System Date - Action Start Date) / (Action End Date - Action Start Date)] * 100%
      Example: If the duration on the action is two months, at the end of the first month, the performance target will be calculated to be 50%.

    • If the ‘Current System Date’ is equal to the ‘Start Date’, then the calculated Target will be 0. In this event, the performance indicator will be shown as ‘On Track’. The performance calculation will be disregarded.

    • If the action has a ‘Start Date’ which is a future date, irrespective of status or % Complete, the performance indicator will be shown as ‘On Track’.

...