Balanced Scorecard

Course Overview

Balance scorecard system is widely used by different organizations in order to monitor the organizational performance and effectively align business operations with strategic goals. It mainly helps to broaden the horizon of viewing and achieving organizational goals.

The balance scorecard is a performance measurement framework that is used for both the non-financial and financial performance indicators in order to provide a holistic and balanced view of organizational performance.

Course Objectives

After attending the course, participants will be able to understand the basics of balance scorecard and the rationale of using it. The participants will learn effective methodologies of developing balance scorecard based on Performance Management Theory.

Course Contents

  • Key concepts of balance scorecard
  • Use of balance scorecard in order to improve the performance of organizations
  • Balance scorecard and its application in different types of organizations
  • The nine-step methodology of developing and implementing a balanced scorecard
  • Develop performance measures and targets
  • How balance scorecard helps in making performance-informed budget?
  • Scorecard automation and its utilization to get performance information from all parts of the organizations
  • Cascade the scorecard to all levels of an organization
  • Revise poorly designed scorecard components
  • Overcome the challenges associated with development of balanced scorecard
  • Examination of planning documents and processes

Course Methodology

The training is going to be highly interactive combination of lectures, group discussions, questionnaires, individual reflections, role plays, simulations and videos.

Target Audience

The individuals who are involved in the development of balance scorecard including executives, managers, planners and analysts.

Duration

05 Days (08:30–14:30) with appropriate breaks for tea/refreshments and lunch.

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