What is a Performance Measurement system? Explain the various metrics used for performance measurement. 

A Performance Measurement System (PMS) is a process that is used to evaluate and measure the performance of an organization, a department or a specific individual in relation to predetermined goals and objectives. A PMS is a critical tool that enables organizations to track progress towards achieving their goals and identify areas that need improvement.

There are several metrics that are commonly used for performance measurement. These metrics can be classified into four categories: financial, customer, internal business processes, and learning and growth.

Financial Metrics: Financial metrics are used to measure the financial performance of an organization. These metrics include:
Revenue: This is the amount of money that the organization earns from its operations.
Profit: This is the difference between the revenue and the costs ___ __________ _____ ________ ______ _________ _________ _____ ________ __________ _________.
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