Process Monitoring Using the Balanced Scorecard

The use a balanced scorecard is a driving force for the management to integrate budgeting and planning processes. This way, it ensures that strategic planning is supported during budgeting and implemented in the operations. The users of the scorecard set targets for the measures related to them. They identify necessary actions to increase their rate of success and mark their periodic achievements towards their target. The scorecards serve as a guiding tool for the users to keep them on track with the goals in relation to their activities. It also act as a motivation for the users to make necessary actions and changes to achieve their targets.

Return to Balanced Scorecard Indicators Dashboard.