Designing A Balanced Scorecard

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Private Class from

2400/day

(2 Days)

BENEFITS

Upon completion of this program, the participants will be able to:

  • Apply code rules for more common design and fabrication of pressure vessel
  • Understand the importance of Performance Management System and the relation to Organization Direction
  • Align top-level KPI to each individual at the various division based on the Balanced Scorecard Framework
  • Develop individual Job Type Objectives and Key Performance Indicators (KPI) - Measurements and Targets
  • Establish Measuring Instruments to help track the KPIs
  • Understand the Techniques & Principles for setting KPIs method to develop Action Plan to help in the implementation

AUDIENCE

This program is specially designed for all Managers, Senior Executives and Supervisors and others who would like to enhance their knowledge and skills on designing a balanced scorecard.

METHODOLOGY

This program will be conducted through interactive lectures, PowerPoint presentation, video presentation, role-play and group discussions.

THE STRATEGY-FOCUSED ORGANIZATION
  • Why Is Establishing Performance Measurements So Important
  • The Balanced Scorecard: What Is It?
  • Balanced Scorecards And The Strategic Maps
  • Start With Strategy
  • The Four Perspectives In Balanced Score Card
  • Strategic Maps - The Foundation Of The Balanced Scorecard
  • How To Link The Perspectives
PERFORMANCE MANAGEMENT
  • The Performance Management Cycle Involves Four Stages
  • The Most Important Objectives Of PMS
  • What Are KPIs
  • Why Are KPIs Needed
WHY IS ESTABLISHING PERFORMANCE MEASUREMENTS SO IMPORTANT?
  • Building A Lasting Organization
  • Managing Organization Performance
  • Strategic Management: An Introduction
  • Strategic Outputs
PERFORMANCE MEASURES
  • Organization Performance Management Standard
  • Category Of Performance Measures
  • Types Of Key Performance Indicators
WHAT IS AN OBJECTIVE?
  • How To Establish Objective Statement
  • Establish Specific Objective Statements In Relation To The Different Type Of Measure
  • Determine Specific Measure For Each Objective And Instrument For Each Measure
  • Measuring Instrument
LEVELS OF TARGET
  • How To Determine What Is A “Right” Target
  • Different Unit Types Of Target
  • Determine The Specific Target/ Stretch For Each Measure
  • How To Establish An Action Plan
LINKING REWARDS TO PERFORMANCE
  • Reporting The Balanced Scorecard Results
  • Maintaining The Balanced Scorecard Results
  • The Approach To Allocate Resource Priority
  • How To Conduct A Periodic Review

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