Efficiency
Guide to developing the project business case, Better business cases: for better outcomes, published by HM Treasury in 2018, defines efficiency as: ‘A measure of the extent to which a project, programme or policy’s associated throughputs are increased.’
Public procurement toolbox, terminology, published by the Organisation for Economic Co-operation and Development (OECD), suggests that: ‘Efficiency refers to achieving maximum output from a given level of resources used to carry out an activity.’
The glossary of statistical terms, published by the Organisation for Economic Co-operation and Development (OECD), defines efficiency as: ‘…achieving maximum output from a given level of resources used to carry out an activity.’
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