An Improved Performance Measurement Approach for Knowledge-Based Companies Using Kalman Filter Forecasting Method

Table 1

Taxonomy of performance measurement models.

Reference	Framework and methodology	Performance indicators	Analysis of learning on performance	Risk analysis
[19]	Multidimensional performance model for BSC	Financial, customer, internal processes, learning, and growth	—	—
[20]	Performance measurement framework—using the analytic network process (ANP)	The value of maintenance, operating costs	—	—
[21]	Conceptual framework to incorporate “risk perspective” into the BSC	Financial, customer, internal processes, learning, and growth	—
[22]	Predicting future performance by learning curves	Time and cost		—
[23]	Integration of EVM with risk management-based performance	Time and cost	—
[24]	Project performance evaluation using Random Forests and IN-PROMETHEE II methods	Wide range of indices (e.g., growth of per capita income)	—	—
[25]	Probabilistic evaluation of cost performance stability in earned value management	Cost	—
[26]	BSC and ANP	Knowledge resources	—	—
[27]	Intelligent systems in project performance measurement and evaluation	Time and cost	—	—
[28]	EVM	Time and cost	—	—
Present study	A performance measurement and forecasting framework using learning curves under risk conditions	Time, cost, learning, and growth