11 How to Design Your Own Measurement System

Designing your own new and improved measurement system may not be as much work as you think; it will save you much time later. In fact, organizations claim to be able to save at least a couple of hours per week that used to be wasted reviewing and trying to make sense out of meaningless data. If you figure two hours per week per technical or managerial employee times 48 weeks times the labor rate per hour, you’re talking a lot of money. Of course, like most projections of this nature, it will be difficult to find these dollars on the balance sheet. A side benefit of reengineering your measurement system is that you will be making better business decisions.

TWO APPROACHES: TOP-DOWN OR BY UNIT/LOCATION ...

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