Balanced Scorecard
This programme aims to build capacity among public officers in the use and implementation of the Balanced Scorecard (BSC) as a performance management tool.
Learning Outcomes
- Participants will gain knowledge of the steps involved in developing a Balanced Scorecard.
- Participants will appreciate the Balanced Scorecard as a performance management tool.
- Participants will have working knowledge of the use of BSC templates.
- Participants will understand the BSC reporting format.
- Participants will appreciate the BSC governance model in performance management.
Target Group
- C Scales and above
Duration
5 Days
Mode of Delivery
Physical/Virtual
Course Structure
1. Balanced Scorecard- Introduction
- Origins of the Balanced Scorecard
- Rationale for adopting the Balanced Scorecard
- Alignment with other performance instruments
- Shortfalls of the current PMS approach and project assumptions
- Introduction to performance management and measurement
- History of the Balanced Scorecard
- Reasons for undertaking a Balanced Scorecard project
- Advantages of using Balanced Scorecard performance systems
- Contrasting private sector and public sector use of scorecards
- Key questions the Balanced Scorecard seeks to answer
- Sample Balanced Scorecard performance measures
- The nine-step methodology for building and implementing a Balanced Scorecard
- Anticipated challenges of scorecard systems
- Indicators of successful Balanced Scorecard projects
- Step One: Assessment – using organisational assessment to define vision, mission, and strategy
- Strategy – identifying customer groups and developing the customer value proposition
- Step Two: Strategy – developing strategic themes and strategic results
- Step Three: Strategic objectives – developing strategic success drivers
- Step Four: Strategy mapping – developing cause-and-effect relationships among objectives
- Step Five: Performance measures – deriving strategic measures, targets, and thresholds
- Step Six: Strategic initiatives – defining criteria for selecting and prioritising initiatives
- Implementation issues
- Aligning strategy and work throughout the organisation
- Collecting, verifying, and validating performance data
- Transforming data into information and software options for managing performance information
- Developing internal and external communication plans
- Cascading the scorecard throughout the organisation
- Employee motivation
- Linking strategy to resource decisions
- Linking performance to rewards
- Scorecard rollout, training, and change management
- Using performance information to improve organisational performance