What process involves monitoring and adjusting operations based on actual performance?

The process that involves monitoring and adjusting operations based on actual performance is known as performance monitoring. This is a crucial aspect of business management as it allows organizations to assess how well they are achieving their goals and objectives in real time.

Performance monitoring entails the continuous collection and analysis of data related to various operational metrics. By doing so, businesses can identify discrepancies between expected outcomes and actual results. This proactive approach enables organizations to swiftly adjust their strategies or operations to ensure they remain on track toward their goals. It fosters a culture of accountability and responsiveness, encouraging teams to refine their processes and improve efficiency.

In contrast, other terms listed do not accurately capture this process. Performance silent testing may imply a method of evaluation that lacks transparency or communication, which is not conducive to effective monitoring. Performance reevaluation suggests a more periodic or retrospective assessment rather than continuous operational adjustment. Performance deterrence refers more to preventing negative outcomes rather than monitoring and adjusting based on performance. Therefore, performance monitoring is the most suitable term for the process of overseeing and modifying operations in response to actual results.