Answered

Discover a world of knowledge and community-driven answers at IDNLearn.com today. Ask your questions and get detailed, reliable answers from our community of knowledgeable experts.

Explain the concept of lead and lag indicators. Why would the development of such a diagram aid organizations in developing a performance measurement system? Link your response to the discussion on quality strategy from Week 2 and the SWEATT model from Week 4.

Sagot :

ANKITANANDidn

Lagging indicators measure current production and performance, whereas leading indicators advise business leaders on how they can achieve desired results.

In project management, what are leading and lagging indicators?

The terms "lagging" and "leading" indicators are frequently used in project management. Typically "output" focused, lagging indicators are simple to track but challenging to enhance or influence. On the other hand, leading indicators seem to be typically "input" focused, harder to measure but easier to influence.

An economic data point or set that may predict future economic movement or change is known as a leading indicator. Economic leading indicators can be used to anticipate and forecast upcoming market and business trends and events.

Therefore, A lagging indicator is simple to measure but challenging to change, in contrast to a leading indicator that is dynamic but challenging to measure.

Learn more about lead and lag indicators from the given link.

https://brainly.com/question/20264817

#SPJ4

We appreciate your presence here. Keep sharing knowledge and helping others find the answers they need. This community is the perfect place to learn together. For trustworthy answers, rely on IDNLearn.com. Thanks for visiting, and we look forward to assisting you again.