They say that time is money. But time can often be wasted in the pursuit of perfection. How much time can organisations afford to invest to develop and assess competence?
How much time and resource can an organisation realistically allow to assure itself that a person is, more likely than not, able to repeat a performance to the workplace standard some time in the future? To what extent can, or should, an organisation expect an assessment to guarantee future performance? This paper argues for a risk management approach to assessment, which balances the cost of assessment in terms of time and money with the need to assure future performance.
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