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What Is a Balanced Scorecard? (Example & Template Included)

ProjectManager.com

Relatively new, the balance scorecard was introduced in 1992 by David Norton and Robert Kaplan, by taking existing metric performance measures and adapting them to include nonfinancial information. The balanced scorecard measures four aspects of a business or organization: finance, customers, business processes and learning and growth.

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Agile Finance: How Do You Make a Business Case for Transformation?

Leading Agile

Return on Investment or ROI is a performance measure used to evaluate the efficiency of an investment. It addresses how much a company will earn back from the cash outlays or costs to be incurred that the organization is planning to make. Payback Period.

Finance 72
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Operational Efficiency: A Quick Guide

ProjectManager.com

To maintain a good and consistent margin for your company, invest in shorter-term projects (less administrative work, less planning and lower financial commitment). Regardless of the production, finance, administration, sales, etc., you want to always be measuring performance. Avoid low-margin work as best you can.

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The Functions of a Project Management Office

Project Pulse Journal

Controlling PMO Industry Application - A controlling PMO is common in regulated industries like pharmaceuticals, healthcare, and finance. It includes developing and standardizing processes and enforcing standardized templates, methodologies, and tools across all projects, ensuring a consistent approach to project planning and execution.

PMO 52
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Maximizing Business Success: The Power of Effective Marketing Operations Strategies

UPQODE

Source: Unsplash Marketing operations professionals are responsible for managing the processes, systems, and technologies that support marketing initiatives, such as project management, budgeting, data analysis, campaign execution, and performance measurement. Source: Unsplash 3.

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Fighting Uncertainty in Organizations, Including Matrix Ones

Epicflow Blog

These seemingly minor uncertainties can cumulatively impact performance and disrupt detailed planning. The article advocates for adaptive strategies and the use of buffers as protective measures against unpredictable organizational challenges. Both cases cause severe damage to the performance of the organization.

2016 52
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Introduction to Earned Value Formulas

MPUG

You can get this number from your finance analyst, budget spreadsheet, or report. The BAC is the same as the Planned Value for the whole project. Planned Value (PV) also has another, more descriptive name: Budgeted Cost of Work Scheduled (BCWS). How to Use These Measures All the measures above are backward-looking metrics.

Budget 40