⊿ Point. {R} Glossary. ◢ Keyword: E. ◥ University. {q} PhD. {tr} Training. ⚫ UK. ⚫ England. ↂ EndNote. {q} NS: BPM. ✊ Harvey (2009) Efficiency. Degree to which a process minimizes waste of resources Efficiency is the often measurable ability to avoid making mistakes or wasting materials, energy, efforts, money, and time while performing a task. In a more general sense, it is the ability to do things well, successfully, and without waste.[1][2][3][4][5] In more mathematical or scientific terms, it signifies the level of performance that uses the least amount of inputs to achieve the highest amount of output. It often specifically comprises the capability of a specific application of effort to produce a specific outcome with a minimum amount or quantity of waste, expense, or unnecessary effort.[6] Efficiency refers to very different inputs and outputs in different fields and industries.
Writer Deborah Stone notes that efficiency is "not a goal in itself. Efficiency and effectiveness[edit] Efficiency is very often confused with effectiveness. Inefficiency[edit] Inefficiency is the absence of efficiency. Mathematical expression[edit]