A Performance Standard (PS) is a management approved performance requirement or expectation that must be met to the company appraisal procedure at a particular level of performance. A full set of standards must be established for each critical element and included in the employee performance plan. The Performance Standard provides the employee with specific performance expectations for each major work that is the observable behaviours and actions which explains how the job is to be done, and the results are expected for satisfactory job performance successfully. A PS can be developed by benchmarks against which actual performance is measured.
Related Definitions in the Project: The Project Management; Project Administration
