Balanced Scorecard – Reports, Examples, Guides

Balanced Scorecards as well as other performance measurement tools like metrics or KPI is a great way not only to measure performance, but compare it agains the performance of some other business.

The 65-pages part of the Balanced Scorecard Toolkit focuses on how to use BSC for benchmarking. The part starts with some general terms, e.g. what is benchmarking from viewpoint of BSC and how to use it.

The report focuses on several stages of benchmarking:

• planning
• evaluation
• action
• revise

Finally, the report reviews some best practices in the area of benchmarking with BSC, giving step by step guides and tools to be used.

admin BSC Toolkit benchmarking, KPI, metrics, scorecard

The best idea about BSC Report is that there are not only step-by-step, but some example from real business, some case studies and best practices research, where the balanced scorecard processes are analyzed and some practical conclusions are made.

• 

  The general report of Key Performance Indicators contains some basic case studies and best practices about the Balanced Scorecard Implementation

The other parts of report focuses exclusively on case studies for the Balanced Scorecard building and implementation stages:

• Case studies for company examination before implementation of BSC, cases and best practices for buiding KPIs and scorecards, case report for implementing KPI indicators, case research for testing the scorecard after implementation.

The BSC Report also contains a part which shows how to use BSC as a benchmarking tool and this report also contains case researches for the benchmarking.

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One of the parts of BSC Toolkit is the report that is focused on building the balanced scorecard (BSC), exactly the same ideas, methods and principles are behind the process of designing and creating KPIs (Key Performance Indicators) and Metrics.

The tookit report includes:

• The common description of why build scorecard, performance indicators
• It describes steps necessary to proceed to create BSC
• The report describes 3 processes inside the process of building scorecard – preparing vision and mission statements, deciphering process improvement, creating measurements and target values for indicators
• The final part focuses on real samples, e.g. case study and answering frequently asked questions.

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The full version of BSC Toolkit contains several sections devoted to frequently asked questions and checklists.

Questions and checklists for projecting scorecard

Covers basic aspect of Balanced Scorecard design. Are a part of toolkit which describes the process of examining company before creating and implementing the scorecard. The FAQ section is something like:

4. Do I need to formulate a separate Department for preparing BSC?
This is not a single task that can be handed over to a department. One should try to incorporate the opinion of all those who are to make use of the BSC. Therefore, it should be a combined effort.

5. What is the requirement for examining organization prior to implementing BSC?
BSC proves useful only when it is tailored according to the specific needs of the organization. The parameters are decided after looking into a number of factors that operate in a given industry. This calls for an in-depth study of the organization.

6. How can I know whether my processes are going right? Can I have some measures for doing that?
Yes there are common measure that you can refer to like Capacity utilization, Process Capacity (maximum output rate. This should be maximized), Flow Time, Throughput Rate (process capacity is the maximum possible throughput rate), Flow Time.

Questions and checklists for building Key Performance Indicators (KPI)

The frequently asked questions are a part of BSC Toolkit, which describes the process of building Balanced Scorecard. The final checklist is a step-by-step guide on how to build your own scorecard.

Checklist for implementing scorecard

The Impelementation part of toolkit contains frequently asked questions about how to implement created balanced scorecard into the real business. It is important to pass the checklist that shows how to implement metrics to all stake-holders, e.g. technical specialists and managers, and employees.

Testing stage of the Balanced Scorecard KPI

Once scorecard was created and implemented, it should be tested. You will find in the report for testing stage the FAQ section as well as step-by-step guide on how to do it practically.

Benchmarking with BSC metrics

If the scorecard is needed to be compared againts other scorecard or it is imvolved in the process of benchmarking you will find useful Benchramking report that also contains the FAQ section inside.

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The Balanced Scorecard Toolkit includes a set of reports, case studies and step-by-step guides on how to design, build, use and get profit with KPI solutions.

• Balanced Scorecard Toolkit – PowerPoint Presentation
  
  [77 slides. Formats: Adobe PDF + MS PowerPoint PPT]
• Part1. Examine company before Balanced Scorecard Implementation
  
  [41 slides. Formats: Adobe PDF + MS PowerPoint PPT]
• Part2. Building Balanced Scorecard
  
  [31 slides. Formats: Adobe PDF + MS PowerPoint PPT]
• Part3. Implementing Balanced Scorecard
  [36 slides. Formats: Adobe PDF + MS PowerPoint PPT]
• Part4. Testing Balanced Scorecard
  
  [36 slides. Formats: Adobe PDF + MS PowerPoint PPT]
• How to calculate performance indicators step-by-step
  
  [3 pages. Formats: Adobe PDF]
• Balanced Scorecard and Benchmarking
  
  [65 slides. Formats: Adobe PDF + MS PowerPoint PPT]

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If you are looking for a Balanced Scorecard solution, then you can check reviews of Balanced Scorecard solutions. Some starting information is avaliable in the trial version of the report.

• Corporater Express – Corporater Express is a web-based application that is strategically designed for building, managing and sharing key business performance perspectives, in the form of measurable parameters. The developer, Corporater Inc. has already been an active player in the field of Enterprise Performance Management and has come up with several useful …
• Business COACH – Business Coach software is interactive software that helps companies to run their business with more efficiency. This software essentially is designed for preparing single page business plans and business scorecards. It features allows it users to analyse the performance of their businesses in a holistic manner and provides advices that…
• BusinessObjects Dashboard builder – ‘BusinessObjects Dashboard builder’ is a software from Business Objects – a big name in BI software solutions. Various products and services work in the direction of improving enterprise performance by providing better visualization tools, quick and easy reporting options. This results in tremendous savings in time and resources…
• Balanced Scorecard Designer – The Balanced Scorecard Designer retains the very essence of the purpose for which the concept of a balanced scorecard
• CenterView Dashboard – CenterView Dashboard solution by Corda Technologies is a software that is equipped with rapid dashboard development capabilities and delivers high quality interactive charts, maps, graphs, in minutes. The software is equipped with CenterView Builder with which users can built stylish templates, charts and graphs or can modify existing …
• Executive Dashboard – Executive Dashboard is essentially a business intelligence and work management software, which is used in managing metrics, performance and data. This web based tool can used to set goals based on a user defined criteria and measure them. By using the scalable nature of this software, one can align the strategies and goals as per the…
• Halogen eAppraisal – Halogen eAppraisal is software package which sports features that help in tracking of organizational KPIs related to employee performance and talent management. One can use this solution in aligning ratings, progress and goals in such a manner that organizational objectives are achieved. The service has excellent ways to take care of all HR…
• Style Intelligence – Style Intelligence software by Inetsoft is a great platform for improving business intelligence through dashboards, reporting and analysis. The software does not require any great specialized skills in the field of business intelligence on the part of users. The Patented Data Block technology of Inetsoft makes the software really…
• InfoCaptor Dashboard Designer – InfoCaptor Dashboard Designer is intuitive performance management solution which offers some remarkable features that allow users to develop both Desktop Dashboards and Web based Dashboards with ease. The dashboard software provides multiple database support an can be integrated with all major databases like Oracle, MySQL, SQL Server,…
• Pentaho Dashboard – ‘Pentaho Dashboard software’ provides a centralized access to the BI content via thin-client interface. It was designed to be used both as an out-of-the-box application and a display technique to be used with other applications.
  Merging of ‘Pentaho Dashboards’ with ‘Pentaho BI Suite’ enables…
• Prodacapo Balanced Scorecard – Prodacapo Balanced Scorecard is a fully web-enabled application that offers outstanding features that facilitate businesses in managing and measuring the performance. It is not just a performance measurement system it is a management system as a whole. The software solution is certified by Balanced Scorecard Collaborative. As the software is…
• QPR Balanced Scorecard and Digital Dashboard – Balanced Scorecard and Digital Dashboard software provided by QPR are a part of its Corporate Performance Management Suite. The combined effect of the components of this package is the successful implementation and follow-up of balanced scorecard concept in the organization. This solution enables the structuring of strategy in the form of…
• WebFOCUS Enterprise Business Intelligence Software – Enterprise Business Intelligence Software from Information Builders empowers managers by providing them with an easy-to-implement and use tool for monitoring the progress, on daily basis. This in turn, adds to the decision-making power of users. Information can be obtained from anywhere and presented in a concise and understandable manner. …
• Strategy Map Balanced Scorecard – The software claims to be the world’s most popular and widely used strategy map based balanced scorecard utility. It is based on a financial planning concept that aims at bringing the ‘balanced’ idea into operation. The software displays the information in a dual flowing manner to present both the Financial and Weighted Performance…
• Transpara Visual KPI Software – The Visual KPI software by Transpara Corporation is equipped to deliver on-demand operational data from various data sources to any web browser linked with a desktop, laptop or a compatible mobile device. With the software one can consolidate a wide array of KPIs into a single customized format that provides a glance of the overall asset…
• ActiveStrategy Enterprise – Active Strategy works in the direction of ‘providing an easy way for organizations to better execute strategies’. The vendor claims ‘not to be the usual software vendor’. This is because of the hands-on experience which the organization uses in developing and deploying many of the management frameworks like Balanced…
• Actuate Performancesoft Suite – The Balanced Scorecard software has been offered as part of ‘Performancesoft Suite’. Using this software, managers can present information in a wrapped form (as a cascade) and move into details whenever needed. This application enables transferring of strategic information to the ‘prospective users’ in easy to…
• Balanced Scorecard KPI Key Performance Indicator Software – ‘Balanced Scorecard KPI Key Performance Indicator Software’ is supplied in the form of an email excel sheet for proper handling of Key Performance Indicators. The spreadsheet contains instructions for customization as per the needs and requirements of the client. It caters to the four traditional areas of organizational working…
• IBM Cognos Scorecarding Software – The balanced scorecard software from Cognos is suitable clubbing of features and attributes that make both the planning and execution of strategy an easy task. The Software aims at giving a complete and clear picture of the organizational progress tracking, to both the managerial staff and employees.
  By using the ‘scorecard…
• Prophix Dashboards and Scorecards – The Performance Management software includes several Dashboards and Scorecards that serve as effective tools for strategic planning in organizations. The visualization capabilities of these solutions have helped users in making ‘sound business decisions’, that too in much less time. This is due to providing a more useful direction…
• iDashboards Software – The most remarkable feature of software from iDashboards is the use of ‘visual technology’ that was invented in the R&D Labs of the company itself. This is a patented technology that hands over to its users an important device for summing up the statistics in an ‘informative’ manner. Consequently, the same stock of…
• Microsoft Office PerformancePoint Server 2007 – The Balanced Scorecard Software from Microsoft has a suitable mix of features, which enable businesses to monitor the progress; analyze the key performance indicators and carry out predictions about future.This is possible via the plans, dashboards and budgets that can be framed using the utilities of Microsoft Office PerformancePoint Server…
• Microstrategy Business Intelligence Software – Microstrategy Business Intelligence Software allows business personnel to keep a constant track of the ongoing business activities in easy to understand and interactive manner. With the Microstrategy dashboards, users can observe the enterprise performance in high visual representations which are capable of integrating a variety of data …
• SBS-STRAT-and-GO Business Scorecard – STRAT&GO takes care of all the organizational needs, when it comes to following performance measurement and management. Right from the introduction of a ‘Performance Tracking Tool’ to ‘maintaining its efficiency’; it enables taking care of all of these. Also, focusing on key objectives, projects, targets and…
• WebFOCUS Enterprise Business Intelligence Software – Enterprise Business Intelligence Software from Information Builders empowers managers by providing them with an easy-to-implement and use tool for monitoring the progress, on daily basis. This in turn, adds to the decision-making power of users. Information can be obtained from anywhere and presented in a concise and understandable manner…

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KPI Name: Measure HR Performance with Excel HR Balanced Scorecard packed with Human Resource metrics

Related KPIs: HR Hire, HR Training, Leadership, Motivation, HR accounting, HR Outsourcing, Awards, Retirement

• Download HR KPI trial version
• Buy HR KPI full version

Customers also viewed: Tasks Outsourcing | HR accounting | Resource Management | Personal Metrics Pack

Sample reports:

Some reports were generated with Balanced Scorecard Designer for the Measure HR Performance with Excel HR Balanced Scorecard packed with Human Resource metrics KPI to show both – Balanced Scorecard Designer functionality and a part of KPI content:

• Check Overview KPI Report sample.
• Check Full HTML Scorecard Report sample.
• Check Diamond Style Report sample.

Balanced Scorecard Designer Screenshot:

The Balanced Scorecard Designer software was used to create this KPI.

Description by authors:

Measure and control the performance of HR department with Excel HR Balanced Scorecard. This scorecard has some key metrics that will help to measure and control the performance of HR department. Integrate scorecard into the Human Resources Management (HRM) process by making it a part of your Human Resources Information System (HRIS) system.

KPI in Excel – Screenshot:

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