Developing a Balanced Scorecard for Projects

Balanced Scorecard > Best Practices

Developing a Balanced Scorecard for Projects
When managing projects, can a BSC add value to that? Is it possible to get more transparency in the process of projects when using a BSC? Some new research has proved that projects can be managed/controlled by a BSC. Do you agree that a BSC can be a perfect tool to control projects, and in the end, measure the success of a project?

BSC - in Projects
Rafiudeen, Management Consultant, Qatar, Member
Yes I think, it will give you multiple benefits:
- During the planning phase, you will set objectives in all perspectives & identify the measures...Sign up

Project Management - BSC
Kartik Patel, CEO, India, Member
Key performance requirements are:
- Resource utilization
- Resource efficiency
- Project and resource timeline efficiency
- Cost a...Sign up

Reaction to BSC
Thanks for your reactions. It supports my first thoughts that a BSC can help measuring and controlling the progress of projects. Identifying the key p...Sign up

Project Management BSC
Tumininu Banwo, Business Consultant, Nigeria, Member
I agree with Kartik, I think overall it puts clarity on your time perspectiveness regarding the project. BSC adds value because value is the bottom li...Sign up

Performance Management BSC
Marcel van der Heever, Management Consultant, South Africa, Member
Kartik is 100% right. I have integrated a project management tool with a scorecard tool to monitor the performance of projects in terms of business ob...Sign up

Managing Scope Using Balanced Scorecard
Kevin B, Member
I am working on putting together best practices in managing scope during the planning, controlling and monitoring phases of projects using the bala...Sign up

BSC May Work If Applied Properly
Vildyaev Daniil, Russian Federation, Member
It all depends on the scope, length of the project. BSC is a tool primarily suited for organizations. Therefore, it might be an excessive effor...Sign up

Balanced Scorecard OK for Projects
Gaia Bassani, Italy, Member
BSC could be a useful tool to monitor one project or also to monitor many projects in connection. You can have a single strategy map for any pr...Sign up

Balanced Scorecard OK for Projects
Paul Maguire, Business Consultant, United States, Member
Iíve read with great interest the comments above regarding the usefulness, complexity, elements etc., good comments all. Some thoughts to add:
1....Sign up

Project Scoreboard Better then Scorecard
Gary Wong, Consultant, Canada, Premium Member
Projects are all about execution. People need to know if they are winning or losing at the end of each day. Using a baseball analogy, the scoreboar...Sign up

Project Management - BSC
Ahmad Sultan Abdulla, Consultant, Malaysia, Member
I agree with @Kartik that the BSC could be used to monitor projects based on the 4 items he has listed. We have done...Sign up


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