Performance Evaluation is defined as a formal and productive procedure to measure an business entity & its individual components with employee’s work and results based on the target. Performance Evaluation is a process of ensuring that set of activities and outputs meets an organization's goals in an effective and efficient manner. Performance management & evaluation can focus on the performance of an organization, a department, an employee, or the processes in place to manage particular tasks.
Monitoring and evaluation are ways of systematically measuring and assessing any business activities and results. Their purpose is to check on the progress of implementation and outputs systematically. They help to determine when a business is going to plan and when changes may be needed. They form the basis for modification of interventions, and of assessing the quality of any activities that are being conducted.
For every business, it is germane that performance, growth and foreseen progress is monitored and evaluated so as to ensure that the business remains on track. The end purpose of this would be to improve current and future outputs, outcomes and impacts. Being successful in any business, performance evaluation, monitoring & follow-up process is very much important. Without proper monitoring & evaluation business do not run on proper way.
In this regard, SFCS coupled a good number of professional and technical expertise along with extensive industry knowledge to evaluating & monitoring any business project and ensuring that set of activities and outputs meets an organization's goals in an efficient and cost effective manner.