(B) Setting performance standards: Prior to the actual performance measurement, it is essential to establish clear and achievable performance standards that define the expected level of performance.

(D) Measurement of actual performance: This step involves the assessment and quantification of the actual performance of the organization or specific activities.

(C) Comparison of actual performance with standards: This step involves comparing the actual performance with the predetermined performance standards to assess the degree of variance and identify areas that require corrective action.

(E) Analyzing deviations: After measuring the actual performance, the next step involves analyzing any deviations or variations from the set standards or expected outcomes.

(A) Taking corrective action: Based on the analysis of deviations, corrective actions are taken to address any issues or discrepancies found in the actual performance.