Project Management Balanced Scorecard Metrics Template
Although the calculation of these indicators present no problems as the data for their calculation is usually available in-house, a special consideration should be given to other projects and ordinary operations that are undertaken by the organization alongside with the project subject to evaluation. It particularly concerns the indicators with financial and customer perspective as they indicate the overall performance of the organization and a lot of factors including external ones may affect them. In respect to the indicators with internal and growth and development perspective, they are useful while evaluating a separate project as well as while making comparison between the projects undertaken by the organization to measure the company's growing expertise in project management.
More ideas on using Project Management KPI:
Managing a project spans all activities right from the conceptualizing stage to reaching the very end of it. Looking at the fact that there can be numerous areas that require monitoring, implementation of a measurable management strategy is a must. This makes it possible to make decisions and moves in a ‘calculative manner’, when it comes to ‘administration of a project’.
Saying it the other way round, one is supposed to organize the various aspects involved during project management by using a measurement instrument. BSC (Balanced Scorecard) can be the missing piece in this puzzle of tracking and monitoring.
This thought was devised in 1990s by Norton and Kaplan who went ahead to give a complete evaluation procedure to the then ‘incomplete and biased’ strategy. This was by bringing in the ‘non-financial’ aspect also as depending solely on ‘financial part’ was found incapable of reflecting the true picture.
This tool can be used to analyze the progress of a project or activity in ‘quantitative terms’. A similar assessment is possible in case of project management also. To make sure that management of a given assignment is carried out properly, one is required to effectively and accurately organize resources. Moreover, at times implementing effectual ‘follow-up systems’ is also needed.
Stating it in a nut-shell, precise management of a project is all about using numbers and values to get over with it in a ‘cost-effective’ and ‘timely’ manner.
Business Intelligence (BI) for Management - measure performance with Project Management Scorecard for Excel
We have designed Project Management Balanced Scorecard (BSC) in MS Excel, so now you can measure and control your performance using this popular business tool.
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 Project Management scorecard to align business performance.