The document discusses various methods of work measurement used to set performance standards, including time study, work sampling, predetermined motion time study, and analytical estimation. Time study with a stopwatch is the most commonly used method, involving selecting a job, standardizing the method, timing each element, and setting the standard time. Work sampling observes workers at random intervals to estimate time spent working. Predetermined motion time study sets standard times for basic motions. Analytical estimation uses standard data or experience to set times for long, non-repetitive jobs when data is unavailable. The document also covers how to properly use a stopwatch to time elements using either a fly back or continuous method.