Integrated performance measurement systems model

This paper focuses on the background research, development, and practical application of the Integrated Performance Measurement Systems and the associated audit methods. The research aims to explore the hierarchical structure and performance indicator relations, and to examine referential model for the comparison and benchmark of integrated performance measurement systems. The model for integrated performance measurement systems presented in this contribution is based on a collection of academic works and attainable industrial practices. A number of existing models and concepts have been used to provide a framework which facilitates the integration of various models, concepts, and practices into a single model. Performance measurement systems should be dynamic and they should change and adapt with the changing internal and external environment. There is little evidence of recognition of this need for dynamic systems within the practitioners and there is little theory and technology to facilitate creation of truly dynamic performance measurement systems. Dynamics of performance measurement systems should be an area of focus for future research.