There are two types of Measure: Standard and Tracking.
1. Standard Measures are used as the 'Standard' object to hold all the key definitions for Measures as well as setup information for Dashboards for each.
2. Tracking Measures enable the forecast performance and actual performance of each Initiative to managed for
a specific Standard Measure.
These are essential to be able to collect performance information and report it for each Initiative or collection of
Initiatives. For example, this allows you to sum the data for many Tracking Measures and use that data flexibly for reporting.
They are created in Prepare for Tracking and updated in Manage Actuals.
The Timeseries includes the Forecast and Actual values over time for each Tracking Measure. The time-series
also has lots more information on it, including the Data Items used in Manage Actuals.
Standard Measures are where you start with defining how you will measure a change in Benefits.
First, you create Standard Measures in Define then using Prepare for Tracking in the Benefits Hub you can set up your Tracking measures.
Once you have created your Tracking measures you will usually only need to edit Tracking Measures in terms of start and end dates and forecast or baseline changes for each Tracking Measure as things change.
All the other context information that you want to record to describe and ensure clarity on what the Measure means is held on the Standard Measure.