Cost Management Balanced Scorecard Metrics Template

Cost Management measurement KPI - Balanced Scorecard metrics template example

The Balanced Scorecard (BSC) dashboard indicates performance within each perspective and the total performance of Management.

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For most business organizations, wages and salaries are the largest operating cost. The measure of the labor cost that is widely used is the Employment Cost Index (ECI). The ECI is a quarterly economic series detailing the changes in the costs of labor for businesses in the US economy. It helps identify the changes and trends in compensation costs to employers over the certain period of time. The ECI reflects the complete labor cost structure, including the wages, salaries, and benefits. Because it includes the costs of benefits in addition to wages and salaries, it provides a comprehensive view of an essential part of the business operating costs.

Notice from developers: the version of web-based KPI system is in development now.

There are more types of strategy map supported - including snowflake, vertical and horizontal trees

Cost Management measurement - Strategy Map

Cascading Strategy Map:

Cyclical Strategy Map:

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Check metrics (diamond) report sample.

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Cost Management Metrics in Excel:

Download trial version of Cost Management Performance Indicators. Cost Management Evaluation Balanced Scorecard is distributed as an Excel file. Before purchase you can download a trial version of the scorecard. Cost Management Evaluation Balanced Scorecard Excel file contains a dashboard (see screenshots below), help information section, Balanced Scorecard details.
Purchase full version of Cost Management Performance Indicators. Immediately after your order will be processed you will have a link to download Balanced Scorecard (BSC) Excel file and file in Balanced Scorecard Designer format.
Check Balanced Scorecard Toolkit for scorecard designing instructions.

More ideas on using Cost Management KPI:

Cost Management is a relatively undefined domain that covers any and every effort undertaken with the aim of bringing the costs of products and services down and increase value provided to customers.

To attain this, cost accounting is frequently utilized by managers for pulling the ‘costs incurred’ slot down and adding to what is given to clients as ‘value’.

Consequently, all the short-run and long-run decisions that pertain to planning and controlling are included under this heading.

Owing to the ‘general’ nature of this concept, it is not worked on in a ‘separate’ manner, rather is well incorporated in other managerial thoughts that occur in the organization. This is to say that all programs and strategies that are developed with the purpose of aggravating customer satisfaction can be well placed under the ‘cost managing field’.

However, one should not infer from this understanding that cost management has a single dimension, that too of ‘somehow reducing costs’ as managers often go for bearing large expenditures like ‘advertising’ to expand customer base.

Stating it in a nut-shell, one can effectively manage costs by attaching it intelligently with other concepts like lean accounting, value chain analysis, throughput accounting etc.

A balanced scorecard is an effectual way to have a ‘measurable determination’ for managing costs incurred in organizational processes.

More useful information for Management Evaluation:

Related metrics and KPIs for: Project Management, Product Launch, Operations, Risk Metrics, Change Management, Resource Management, Communication Measurements, Time Management, Knowledge management, Product Knowledge Management, Intellectual Capital, Natural Disaster Management, Data Records Management, Restaurant, Cafe, Hypermarket.
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Business Intelligence (BI) for Management - measure performance with Cost Management Scorecard for Excel

We have designed Cost Management Balanced Scorecard (BSC) in MS Excel, so now you can measure and control your performance using this popular business tool. Download trial version right now.

Alignment with Balanced Scorecard and KPIs is a great way to control the performance of Management.

In comparison to other business performance measure and control methods, alignment with KPI is much more easier to implement and use. Use Cost Management scorecard to align business performance.

Why do I need these metrics?

MS Excel files that we distribute are a spreadsheets packed with metrics information and the performance calculation formulas.

It's a real-business information. We invested in research that involved experts from Management Estimation industry who elaborated and shared certain metrics. It's valuable, real-life experience which will help to improve the performance of your business.

I'm sure you understand the importance of measuring and controlling business using correct metrics, so this small investment will return in a great increase in sales.
To get a basic idea about what metrics to use. We learned a lot of business metrics and packed scorecard with the most successful.
To have a sample excel file, which is easy to modify to fit your needs. All Excel formulas are available for copy and change.
To start with measuring business performance. It's important to start with correct metrics, then you will be able to fulfill scorecard.

Cascading Scorecards. Establish connection to scorecard located in the web or in local network

Strategy Maps in Balanced Scorecard Designer

Cost Management Evaluation Balanced Scorecard Screenshots

Metrics for Management Evaluation. This is the actual scorecard with Cost Management Performance Indicators and performance indicators. The performance indicators include: cost management,labor cost,avg. monthly labor cost,hours per year,number of project staff,equipment cost,new equipment cost,downtime cost,project time,time spent on specification,time spent on project design,time spent on testing,quality metrics,number of defects,cost of defect,hours per defect,actual vs planned,total cost,product cost,cost per unit,units per hour .

These indicators can be converted from text into the visualized view with BSC Designer strategy map function. Right now you can download trial version of Cost Management Performance Indicators or purchase full version of this Balanced Scorecard.

Some help information that explains how to interpret scorecard.

Some Balanced Scorecard help information that explains how to interpret scorecard. What scores and weights can be changed.

Download or purchase Cost Management Evaluation Balanced Scorecard

Right now you can download a trial version of Cost Management Evaluation Balanced Scorecard or purchase a full version online. Also, if you are interested you can subscribe to our e-course that helps a lot with Balanced Scorecard design.