the Balanced Scorecard Template to:
Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis.
Determine targets, timelines, and metrics for each objective.
Explain the following in 350-525 words on the Balanced Score Card Template:
Why these objectives are appropriate for the project.
Why these metrics and timelines are appropriate for your strategic plan.
Balanced Scorecard Template
Use the organization you chose in Week 1 as a resource for this assignment.
Strategic objectives are a measure of attaining your vision and mission. They reflect the vision, mission, and values of the business, as well as the outcomes of the internal and external environmental analysis.
Develop at least three strategic objectives for each of the four balanced scorecard areas.
Financial Objectives Measures Targets: Timeline/ Metrics
Increase market share Total Revenue Increase 5% in first year
Customer Objectives Measures Targets: Timeline/ Metrics
Increase customer value Increase profit contribution per customer Increase 5% in first year
Process Objectives Measures Targets: Timeline/ Metrics
Decrease lead times for new contract implementation Project implementation time frames Decrease time by 3% in first year
Learning and Growth Objectives Measures Targets: Timeline/ Metrics
Decrease employee turnover Facilitate regular training and opportunities for development Reduce by 4% in first year
Below, explain in 350-525 words:
• why these objectives are appropriate for the project.
• why these metrics and timelines are appropriate for your strategic plan.