Now that you’ve identified the organization’s SWOT, you need to determine the project and its objectives and metrics. This project should be based on an unmet opportunity for the organization, or to minimize a potential threat. What does the organization need to do to advance its goals and/or expand its competitive advantage? How will you measure their progress?
Use the (attached) Balanced Scorecard Template to:
- Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis.
- Determine targets, timelines, and metrics for each objective.
Explain the following in 350-525 words on the Balanced Score Card Template:
- Why these objectives are appropriate for the project.
- Why these metrics and timelines are appropriate for your strategic plan.
BUS/475 v11
Balanced Scorecard Template
BUS/475 v11
Page 2 of 2
Balanced Scorecard Template
Use the organization you chose in Week 1 as a resource for this assignment.
Background
Strategic objectives are a measure of attaining your vision and mission. They reflect the vision, mission, and values of the business, as well as the outcomes of the internal and external environmental analysis.
Scorecard Areas
Develop at least three strategic objectives for each of the four balanced scorecard areas.
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Financial Objectives |
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Measures |
Targets: Timeline/ Metrics |
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Increase market share |
Total Revenue |
Increase 5% in first year |
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Customer Objectives |
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Increase customer value |
Increase profit contribution per customer |
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Internal Business Process Objectives |
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Decrease lead times for new contract implementation |
Project implementation time frames |
Decrease time by 3% in first year |
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Learning and Growth Objectives |
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Decrease employee turnover |
Facilitate regular training and opportunities for development |
Reduce by 4% in first year |
Below,
explain in 350-525 words:
· why these objectives are appropriate for the project.
· why these metrics and timelines are appropriate for your strategic plan.
Copyright 2020 by University of Phoenix. All rights reserved.
Copyright 2020 by University of Phoenix. All rights reserved.
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