Balanced Scorecard is a strategic planning and management system used to align business activities to the vision statement of an organization. Balanced Scorecard based Performance Management system attempts to translate the sometimes vague, pious hopes of a company’s vision/mission statement into practicalities of managing the business better at every level of the organization. This programme will help participants gain better understanding of Balance Score Card.
Participants will be able to:
1. Understand the keys to transforming a scorecard into a management system
2. Connect the dots among the strategic components – mission, vision, values, pains, enablers, strategic results, themes, and strategic objectives
3. Develop strategy, strategy mapping then aligned to Performance Measures with Targets and Thresholds.
4. Understand implementation challenges, Data collection, validation, and reporting.
5. Linking performance to awards and Incentives
1. Strategic initiatives
2. System implementation
3. Systems Design
4. System Selection
5. Development of the balance scorecard
6. Performance measures in embedding balance score card
7. Embedding the balanced scored in the organization’s management system
8. Balance scorecard: DESIGN 9. Balance Scorecard: Implementation and success
10. Balanced Scorecards in the public sector
At the end of the day participants will be able to:
1. Design and Implement a Performance Measurement system in the organization.
2. Develop Balanced Scorecard Performance system and explores issues that organizations face in building it
3. Understand the concept, purpose, drivers, and differentiators of Balanced Scorecard
4. Successfully implement a Balanced Scorecard design and implementation.
5. Comprehend the basics for designing the vision and mission of their organization
Project Managers, Senior Managers, Engagement Managers, Account Managers, Onsite Coordinators, Delivery Managers, Functional Managers, Programme Managers, Directors, Executives, Sponsors, CEO, PMO staff and anyone who is interesting in understanding and using Balanced Scorecard for Strategic Performance Management and Measurements.
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