Balanced Scorecard Project
Development Timeline
Development Steps / Week =>
1
2
3
4
5
6
7
8
9
10
11
12
Step 1: Establish Strategic Goals
Step 2: Identify 3 to 5 Strategic Themes
Step 3: Build a Strategic Map
Step 4: Define your Metrics & Targets
Step 5: Identify your Programs
Step 6: Create an Implementation Plan
Comments:
The six step development process will take at least 12 weeks. Once completed,
the next step is to cascade out the Balanced Scorecard to other parts of the organization based
on the Implementation Plan. Three different types of teams are used within the process:
Leadership Team: Understands and articulates strategy, strongly supports the Scorecard.
Core Team: Most important team since here is where most of the hard work takes place -
Collect and apply data, build maps, document the process, etc.
Measurement Team: Lower level personnel who have detail understandings about measurement.