Part 3- Monitor performance Monitor the performance of a business pian, through testing and rening of the performance measurement system, and report on progress of the business plan in a timely and effective manner. Procedure Review the completed business plan from Part A. Identify the key performance objectives. For each key performance objective: Produce a report to capture and test the performance measure. Write a brief report on how you would test the performance measurement systems, including: Acceptable levels of variance to planned objectives (where applicable). The timeframe for each report how frequently reports will be completed. What benchmarking will be used. Who will be the key stakeholder for each report