What type of report is a Performance Report?

A Performance Report is designed to provide an external analysis of how effectively an organization utilizes its resources to achieve predetermined goals and objectives. This type of report typically measures accomplishments against the resources consumed, allowing stakeholders to assess the efficiency and impact of programs or activities. Performance reports are valuable for accountability and transparency, demonstrating to external parties, such as taxpayers or funding agencies, the results achieved with available resources.

In essence, the Performance Report emphasizes not just the financial aspect but also the outcomes, which reflect the organization's operational effectiveness. Thus, this external focus on achievements in relation to resources expended makes this choice the most accurate representation of what a Performance Report entails.