article thumbnail

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.

article thumbnail

9 Types of Artifacts in Project Management

Rebel’s Guide to PM

The first category is documentation that relates to strategy and project initiation. Here are some examples: Budget Milestone schedule Scope baseline Performance measurement baseline. The authors of the 7 th edition are keen for there to be no duplication and for the approach to be simple! Strategy artifacts.

Logistics 509
Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Project Artifacts and How to Use Them

Rebel’s Guide to PM

Strategy artifacts The first category is documentation that relates to strategy and project initiation. Here are some examples: Budget baseline Milestone schedule Scope baseline Performance measurement baseline. The authors of the Seventh Edition are keen for there to be no duplication and for the approach to be simple!

Logistics 258
article thumbnail

The 5 Phases of Project Management Process and Techniques

NimbleWork

Project management is a multifaceted discipline that combines techniques, processes, and strategies to plan, execute, monitor, and control projects effectively. Initiating: This process involves defining the project and obtaining authorization to begin work. The Five Project Management Processes: 1.

Process 52
article thumbnail

Schedule Performance Index (SPI): An Introduction

ProjectManager.com

The schedule performance index was created to eliminate the guesswork and give a specific, quantifiable answer to the question, as well as show where improvements need to be made for maximum efficiency. What Is the Schedule Performance Index? Schedule variance measures how much a project is diverging from the initial schedule.

article thumbnail

Benefits Of The Strategy Canvas Tool For Strategic PM’s

The Strategic Project Manager

Community Engagement: Starbucks engages with local communities through initiatives like ethical sourcing, environmental sustainability, and charitable donations. Performance Evaluation: Use the Strategy Canvas to monitor and evaluate the effectiveness of your strategic initiatives over time. Value: High. Value: Moderate.

article thumbnail

Value Innovation Strategy For Strategic Project Managers

The Strategic Project Manager

Strategists would continuously monitor market dynamics, gather customer feedback, and refine their strategies to stay ahead of the competition and maintain their position as market leaders. Continuous Improvement : – Value innovation is not a one-time event but an ongoing process.