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

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.

Insiders

Sign Up for our Newsletter

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

article thumbnail

Operational Efficiency: A Quick Guide

ProjectManager.com

It’s clear that the lower your operational efficiency rate, the higher your company’s operational efficiency and sustainability. you want to always be measuring performance. That means monitoring and tracking as many project metrics as you can to get a full picture of how you’re doing and where you can do better.

article thumbnail

Benefits Of The Strategy Canvas Tool For Strategic PM’s

The Strategic Project Manager

Environmental Impact: XYZ Electronics prioritizes sustainability and uses eco-friendly materials in its smartphone production, appealing to environmentally conscious consumers. Community Engagement: Starbucks engages with local communities through initiatives like ethical sourcing, environmental sustainability, and charitable donations.

article thumbnail

Value Innovation Strategy For Strategic Project Managers

The Strategic Project Manager

That’s where the competition is irrelevant because the company has successfully differentiated itself and simultaneously lowered its costs, leading to sustained growth and profitability. It can help companies create new market space, differentiate themselves from competitors, and sustain long-term growth and profitability.

article thumbnail

The Functions of a Project Management Office

Project Pulse Journal

It includes monitoring the progress of projects in the portfolio, ensuring they deliver the expected benefits, and making necessary adjustments to the portfolio based on performance and strategic changes. Performance Measurement Implementing and maintaining performance measures and metrics is essential for assessing success.

PMO 52
article thumbnail

What is A System for Value Delivery in Project Management

Project Pulse Journal

Organizational governance supports the different value-creation strategies to integrate sustainable growth as it aligns with the company's success, compliance framework, and ethical standards. Ultimately, if there were no happy customers, businesses would struggle.