Whitepaper Balanced Scorecard Design Toolkit

Whitepaper title: Balanced Scorecard Design Toolkit

Whitepaper summary: Balanced Scorecard is a well-known concept and it’s easy to find helpful articles about what this concept is. Balanced Scorecard projections and perspectives are also talked about much. Business professionals lack essential information about real-life metrics and information on how to build actual scorecard, which supports weights and scores, which allows calculating the performance values. This whitepaper is a Balanced Scorecard design toolkit, which contains some “how-to” ideas.

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Balanced Scorecard Design Toolkit [83 Kb]

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Key topics:

Measuring business performance with Balanced Scorecard concept. Balanced Scorecard helps to measure performance and share business goals.
Balanced Scorecard Toolkit: Perspectives and Metrics. Four must-use perspectives to describe any business unit. Always need to start with these metric groups.
Balanced Scorecard Toolkit: Weights and Scores. The Balanced Scorecard should be represented as a set of metrics, weights and scores.
Balanced Scorecard Toolkit: Calculations. Steps to calculate performance using a given values of metric importance and user’s scores.
Normalization and performance calculation. Calculating the performance value using normalized score and weight values.
Conclusion. Remember to carefully evaluate Balanced Scorecard metrics

Distribution: You may distribute the original version of the whitepaper in its unmodified form via any means. But you should not charge or requesting donations for any such copies however made and from distributing the whitepaper with other products without the author's written permission.

Abstract: Balanced Scorecard concept is about measure and control. The first step is to determine the goal of Balanced Scorecard: it should help to measure and control the performance of business unit; The next step is to assign a target performance values and develop a plan to archive the target results; The final step is controlling the performance, re-thinking business and separate business processes;

Balanced Scorecard must be a document packed with performance information. That’s why it is the best way to share management and business goal ideas with colleagues.

Building a Scorecard that works involve two main processes: suggesting a proper metrics and calculating the total performance;

Metrics should be designed by key managers; suggested metrics should be carefully evaluated in action. As for calculating performance, start with some simpler tools, such as spreadsheet processor to describe the Balanced Scorecard of the business unit and calculate the performance.

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We share best "how-to" ideas: