Description

This course addresses the Challenges, Benefits, and Role of Finance in designing and implementing the Balanced Scorecard. The course is presented in three (3) building blocks as follows:

1. Balanced Scorecard Fundamentals

• What it is and how to use it
• Adopting and integrating the scorecard
• Understand why the BSC method can work for you
• Where does it fit into the Management Process

2. Building the Flexible and Comprehensive Scorecard Your Company Needs

• 3 Stages to building a scorecard that will work
• Improve your company’s operating results with customized measures and initiatives
• Methods for successful application: Cascading and Change Management

3. Performance Reporting

• Implementing The BSC: Improve your performance reporting process
• Interpreting what measures tell you
• How to weight measures and avoid unintended pitfalls
• Role of initiatives in achieving targets and improving performance results