When one looks at the issues surrounding the Forestry industry today, one can easily find that surviving and making profits in this age of stringent compliance amidst the growing concerns over climate change is a Herculean task. However the same challenges can be negotiated by using a Balance Scorecard which offers an effective mechanism of tracking the important factors through Key Performance Indicators and helps us gain valuable insights.The KPIs for forestry industry can be broadly grouped under four categories which are namely financial, operational, compliance and environment perspectives. The financial perspectives that one can frame for forestry includes 'percentage increase in annual revenues' , 'ratio of budget allocated for introducing new technologies', 'ratio of budget allocated for conservation tasks' and 'percentage increase in net profits.'The indicators for operational perspectives includes 'predicted timber yield versus actual timber yield', 'achieved thinning versus prescribed', 'achieved thinning versus that prescribed in silviculture schedules', 'time to regenerate harvested areas' and 'area of forest cut over annually.'Compliance perspectives aims at adherence to the specified rules and guidelines in the area of operation of an organization and this includes 'total removals of firewood compared to the authorized removal', 'level of soil damage resulting from timber harvesting', 'number of training sessions held to make staff aware of compliance requirements' 'percentage of operational activities that are achieving the specified compliance parameters.'Lastly the critical environment perspectives that one needs to consider includes KPIs like 'Deforestation rate', 'percentage of average man-hours per person allocated to conservation tasks', 'percentage of water bodies with significant variance of biodiversity' and 'percentage of forest areas under protected status.'.
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This is the actual scorecard with Forestry Performance Indicators and performance indicators. The performance indicators include: forestry scorecard, financial perspective, percentage increase in annual revenues, ratio of budget allocated for introducing new technologies, percentage increase in profits, ratio of budget allocated for conservation tasks, internal operations perspective, predicted timber yield versus actual timber yield, achieved thinning versus prescribed, time utilized to regenerate harvested areas, area of forest cut over annually in the operational area, compliance perspective, total percentage of excess removal of firewood compared to the authorised removal, level of soil damage resulting from timber harvesting, percentage of operational activities achieving the specified compliance parameters, number of training sessions held to make staff aware of compliance requirements, enviroment perspective, deforestation rate, percentage of forest areas under protected status, percentage of average man-hours per person allocated to conservation tasks, percentage of water bodies with significant variance of biodiversity.
Download a trial version of Forestry Estimation Balanced Scorecard or purchase a full version online.
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