What is the difference between productivity and performance? Why is it important to know the difference?
The quantity of products and services produced by a productive unit in a given length of time is known as productivity. Productivity is a notion that is essential to every company's activity, but because construction goods are so diverse, it is very challenging to quantify. In contrast to input, productivity emphasizes output. The objective is to provide the greatest output from the smallest quantity of input. On the other hand, performance contrasts the quantity of work performed with that which was anticipated. It is crucial to understand that improved performance does not necessarily translate into improved production. Increased production was achieved as a result of improved performance, which may have come at the price of productivity through longer hours worked. Understanding both performance and productivity is crucial so that each may be increased without impairing the other.
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