Magnisity®
Magnisity®
Performance measurement is key to business improvement.
Magnisity® is a new, world-first methodology for system and process performance measurement. Magnisity® solves a problem that humankind has struggled with since the First Industrial Revolution (circa 1760). It is now possible to measure system and process performance correctly, comprehensively, accurately, and with hi-fidelity across all core and non-core areas of the enterprise. Each business process and its executing system can be measured with exactly the same approach, formulation, and unique expression for techno-economics.
The new word ‘magnisity’ was developed from the Latin and is the name of the new performance measurement approach. Magnisity® is based on a novel performance measurement meta-model, built on correct logical concepts with correct relationships and correct mathematical implementation.
Magnisity® is scientifically correct, robust, powerful, and universally applicable across all business sectors – it measures actual techno-economic performance. The Magnisity® invention represents the ultimate performance measurement methodology.
Magnisity® focuses on techno-economic performance by addressing productiveness, effectiveness, efficiency, cost, as well as further composite performance characteristics such as cost-efficiency, cost-effectiveness, unit cost, etc. [Magnisity® is much more powerful than total productivity measurement – also, total productivity is unreliable in some cases.] Magnisity® can also be applied at the meta-level of business processes and their executing systems.
The power of Magnisity® is invaluable. Magnisity® results will empower improvement decision-making in businesses and government organizations. This tool can be applied during operations, as well as in improvement projects and system realization projects (capex projects).
Follow the link to view a model of System Realization, Utilization & Improvement.