Overview The phrase 'balanced scorecard' primarily refers to a performance management tool used in managing the implementation of a strategy or operational activities. A recent global study listed balanced scorecard fifth
The phrase ‘balanced scorecard’ primarily refers to a performance management tool used in managing the implementation of a strategy or operational activities. A recent global study listed balanced scorecard fifth on its top ten most widely used management tools around the world, a list that includes closely-related strategic planning at number one. The BSC training is designed to support you in developing key competencies in performance management, with the aim of improving performance and achieving strategy. This program has been designed to empower participants with the most important tools and techniques to make your performance management system potent.
After this training, participants will:
- Get access to a deeper understanding of the value added and functionality of the balance scorecard Management System.
- Be able to develop and implement a balanced scorecard Management architecture in a standardized manner.
- Overcome challenges in strategy execution by implementing the balance scorecard management system.
- Be able to comprehend fundamentals of a Performance Management System.
- Learn how to transpose the organizational strategy into a balanced management system.
- Be able to differentiate between objective, KPIs and Initiatives.
- Be able to improve strategy communication by using the Balanced scorecard management system.
- Be open to better alignment of projects and initiatives
Module 1. Performance Management Tool
- What is the Balance scorecard
- Balance Scorecard structure and elements
- The role of the balance scorecard
- 101 to implement a Balance scorecard Management system
Module 2. Formulate Organizational Strategy
- Defining Strategy
- Vision and mission statement
- Organizational Values
- Value Drivers
- Goal and Objectives
Module 3. Structure Organizational Strategy
- Desired state of Evolution
- Strategy Map
- KPI Documentation
- Portfolio of initiatives
- Initiative Description.
Module 4. Building the Balanced Scorecard
- Organizational Scorecard
- Cascading Scorecard to Departmental scorecard
- Cascading Scorecard to individual scorecard
- Aligning Scorecard with KPIs
- Measuring Performance
HR professionals, Leaders, Team leads at any Level
Venue: Pause Factory; 19 Town Planning Way, Airtel Bus Stop, Ilupeju Lagos.
Month Long Event (december)
19 Town Planning Way, Airtel Bus Stop, Ilupeju Lagos.
Pause Factoryask@pausefactory.org 1st Floor, 19 Town Planning Way, Ilupeju Lagos
Pause Factory19 Town Planning Way, Airtel Bus Stop, Ilupeju Lagos.