Balanced Scorecard Sample with detailed explanation Balanced Scorecard

Balanced Scorecard Sample with detailed explanation Balanced Scorecard Sample | www. balancedscorecardsample. com

� Start with downloading free trial copy of BSC Designer PRO, open balanced-scorecard-sample. bsc from “Samples” folder of BSC Designer installation. How to review this sample You can review just this presentation, but you will have much more information if you will download and install free trial copy of BSC Designer PRO from www. bscdesigner. com Balanced Scorecard Sample | www. balancedscorecardsample. com

� In BSC Designer go to the “Business goals” tab Business Goal Sample When creating Balanced Scorecard the first thing that you need to do is to define business goals. � Here are business goal samples represented in BSC Designer Balanced Scorecard is not just about "measuring", it is about helping you achieve your business goal! Balanced Scorecard Sample | www. balancedscorecardsample. com

� Here is KPIs sample in BSC Designer KPIs Sample The second important part of Balanced Scorecard are Key Performance Indicators that will help you to measure your progress towards your business goals. Balanced Scorecard Sample | www. balancedscorecardsample. com

� KPI Sample: Name, Description KPI Sample One KPI should have certain properties such as name, description, target, value, measure units, weight, baseline, target, min, max. � KPI Sample: Value, Weight Here is detailed explanation of all these properties: http: //www. bscdesigner. c om/kpi_designer_manual/ change-indicatordetails. htm Balanced Scorecard Sample | www. balancedscorecardsample. com

� Select KPI in BSC Designer, click “Initiatives” button, then click “Add budget” (for money values) or “Add duration” (for time values). Budgeting Sample The next important step is linking budgeting to KPI. Here is an example of how you can do this in BSC Designer. Balanced Scorecard Sample | www. balancedscorecardsample. com

� Approach to cascading. Link together scorecards of different business units. Cascading Sample Once you have balanced scorecards for each business unit you can link them together in cascading. For more details check SamplesCascading folder of BSC Designer installation � BSC Designer can then automatically create cascading map like this. Balanced Scorecard Sample | www. balancedscorecardsample. com

� Select indicator and specify update interval Updating scheme sample The Balanced Scorecard and indicators inside scorecard should be updated regularly. � Then go to “Analysis” tab, select “Update time” report type to display indicators that need to be updated In BSC Designer for each indicator it is possible to specify the required update period. Access "Update Info" Panel. Select "View" > "Toolbars" > Panel "Update Info“. Balanced Scorecard Sample | www. balancedscorecardsample. com

� Sample files from this presentation located in installation form of BSC Designer in subfolder Samples Open and modify these samples The best way to create your own Balanced Scorecard is to open and modify our samples according to your needs Balanced Scorecard Sample | www. balancedscorecardsample. com

� Visit www. scorecardtrainings. com for e. Training on all aspects of Balanced Scorecard design, implementation and usage More information on every aspect of Balanced Scorecard discussed in “Balanced Scorecard Samples” Balanced Scorecard e. Training: 1. 2. 3. 4. 5. 6. 7. 8. Practical introduction to Balanced Scorecard Preparing for Balanced Scorecard Motivation for Balanced Scorecard How to build Balanced Scorecard How to design winning KPIs Strategy maps and Balanced Scorecard Cascading Balanced Scorecard Testing the Balanced Scorecard Sample | www. balancedscorecardsample. com