Productivity is a measure of the performance ​rate at which a ​company, organisation, or individual produced ​products that is the relationship between the physical output of a product and the factor inputs which have used for outputs. The Productivity (efficiency or performance) is a measurement of hours or cost expended that is computed by dividing average output by the total costs incurred or resources consumed.

Related Definitions in the Project: The Project Management; Engineering; Construction; Operation and Maintenance