Target value calculations
Target value calculations are an important tool in the planning and control of projects, company processes and other undertakings. 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 performed at different 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 monitor the progress and success of projects and identify early on when deviations from target values occur. In this way, corrective action can be taken in a timely manner to get the project back on track and achieve the intended goals.