BSBRSK401 – Monitor and review effectiveness of risk treatments – Checkpoint 4

1. Performance standards should not be challenging.

2. Performance standards are used to evaluate a business’s own success.

3. Performance standards should be related to the business plan.

4. You should not seek feedback from employees on performance standards.

5. The first stage of developing a performance management system is writing performance standards.

6. Analysis involves assessing current performance against the expected benchmarks.

7. Analysis should take place continually.

8. The first stage of the problem-solving process is to define the problem.

9. A monitoring system does not need to be strictly adhered to if it is to be effective.