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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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10 Top Process Improvement Tools You Need to Create a More Sustainable Business

nTask

A study by BCG/MIT finds that 90% of executives deem sustainability to be important, yet only 60% of companies incorporate sustainability as part of their business strategy, and even less (25%) integrate sustainability into the core of their business model. Implement effective process improvement techniques for sustainability.

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Operational Efficiency: A Quick Guide

ProjectManager.com

What is operational efficiency and how can you measure it to take advantage of its benefits? Let’s start with the definition and explore how to improve operational efficiency in addition to ways that using project management software can help manufacturers. Operational efficiency improves with project management software.

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Benefits Of The Strategy Canvas Tool For Strategic PM’s

The Strategic Project Manager

You can use various tools like Microsoft Excel, PowerPoint, Visio, Lucid , Google Sheets, or specialized software for creating strategy canvases. After-Sales Support: XYZ Electronics offers regular software updates and security patches, enhancing the longevity of their smartphones. Value: Moderate. Value: High. Value: Moderate.

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The Functions of a Project Management Office

Project Pulse Journal

Here are three common types of PMOs from across various sectors: Supportive PMO Industry Application - A supportive PMO is common in industries where projects require flexibility and autonomy, such as IT and software development enterprises. Function - A supportive PMO provides guidance, best practices, templates, and tools.

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Mastering the Performance Matrix for Improved Employee Evaluation

Wrike

By highlighting how it can improve performance measurement and goal alignment, businesses can encourage buy-in and support from employees and managers. Consider leveraging technology and software solutions that can streamline the evaluation process and facilitate efficient data analysis.

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Understanding the Organizational Governance System as Project Managers

Project Pulse Journal

They transform project initiatives from isolated endeavors into integral components of the organization's broader strategic roadmap, laying the groundwork for sustained success and growth. Visualization and reporting of project landscape guide stakeholders towards a clear understanding of project status and project performance.