What Does a Performance Analyst Do?

A performance analyst basically evaluates performance and outcomes, most often for companies, although there are many other responsibilities involved. Performance analysts build relationships, write reports and make presentations. In addition, they must possess strong analytical and communication skills to do the job effectively.

As suggested by this job's title, analyzing performance within companies is one of the main duties. This could include comparing intended outcomes with actual outcomes, such as looking at the results of a contract and evaluating whether the results were achieved. It also could include evaluating quality control to see whether it is effective. Identifying errors within the system might also be part of the job. The analyst might also develop tools to improve outcomes.

In addition to evaluating outcomes, a performance analyst often has to communicate these evaluations. This could include communicating with managers through written or oral reports. It could also include making presentations to a broader audience at the local or regional level. This is often related to building relationships, both internally and externally. On top of building relationships, an analyst also often works with employees within the company.

To prepare reports and evaluate outcomes, analysts often do research and collect data. Sometimes, data from the past is compared with current data to better analyze outcomes. data collection is an important aspect of this job, knowing how to use computers and statistical software is also important. A performance analyst also must know the company's policies as well as laws and regulations within the industry.

Analysts evaluate the outcomes of projects, and because of this, they are often involved with the project from the beginning. They might, in some cases, control the project in order to get the best outcome. As part of this project management, they set dates for when projects need to be completed and ensure that employees are keeping the schedule so the project can be completed on time.

A performance analyst often has to prepare reports or give presentations to a variety of people, so both communication and the ability to get along with people are important skills for this person to have. Related to the data collection aspect of the job, analytical skills are important. The ability to meet deadlines is another important skill for a performance analyst. The educational requirements might vary for this job, but a bachelor's degree is often required.