Program Outline
Balanced Scorecard Professional Certification can be gained via a 4 months BSP Certification online training (plus exam) or by first taking the 2 months BSP Certification Part 1 (Foundation course) and then later adding the 2-months BSP Certification Part 2 (Practitioner )course (plus exam)
Program Learning Objectives
The program is designed around practical techniques and templates, real-life case studies, and time for participants to practice what they learn with support from experts.
Participants will learn how to:
- Articulate the six steps needed to build a scorecard system and the three steps needed to implement these systems
- Explain the evolution of measurement and strategic management systems
- Identify reasons for adopting a balanced scorecard system
- Anticipate challenges that need to be overcome
- Contrast the differences and similarities in scorecard systems for different organizations
- Utilize an organization assessment to set vision, mission and strategy
- Define strategic themes and results
- Develop Strategic Objectives and a Strategy Map
- Define performance measures, targets and thresholds
- Developing Initiatives and a prioritization plan
- Identify and understand the three implementation steps of Automation, Cascading and Evaluation
- Use software to communicate performance information
- Cascade the scorecard throughout the organization
- Using scorecard information to improve performance
- Overcome the challenges of integrating balanced scorecard systems with other enterprise-wide systems
- Apply the BSC to an organization’s needs making it relevant to company-specific issues
Balanced Scorecard Professional Certification Part 1: Intro to the Balanced Scorecard
MONTH ONE
Module I. Introduction
Module II. Overview of the Balanced Scorecard (BSC)
- Introduction to performance management and measurement
- Balanced scorecard history
- Reasons for undertaking a balanced scorecard project
- Advantages of using BSC performance systems
- Contrast private sector and public agency use of scorecards
- Key questions the BSC seeks to answer
- Sample BSC performance measures
- The Nine-Step Methodology for building and implementing a balanced scorecard project
- Anticipate challenges of scorecard systems
- Indicators of successful projects
Module III. Building the Balanced Scorecard
- Step One: Assessment – Utilize an organizational assessment to set vision, mission, and strategy
- Step Two: Strategy – Identify customer groups and develop the Customer Value Proposition
MONTH TWO
Module III. Building the Balanced Scorecard (Continued)
- Step Two: Strategy – Develop Strategic Themes and Strategic Results
- Step Three: Strategic Objectives – Develop strategic success drivers
- Step Four: Strategy Mapping – Develop cause- effect relationships among the objectives
- Step Five: Performance Measures – Derive Strategic Measures, targets, & thresholds
MONTH THREE
- Step Five (cont’d): Performance Measures – Derive Strategic Measures, targets, & thresholds
- Step Six: Strategic Initiatives – Define criteria for Selecting and prioritizing Initiatives
Module IV. Implementing the Balanced Scorecard
- Implementation issues
- Align strategy and work throughout the organization
- Collect, verify and validate performance data
- Transform data into information
- Software options for managing performance information
- Develop an internal and external communication plan
- Cascade the scorecard throughout the organization
- Employee motivation
- Link strategy to resource decisions
- Link performance to rewards
- Scorecard roll out, training, and change management
- Utilize performance information to improve organization performance
Module V. Next Steps
- Integrate the scorecard with other enterprise management and information systems
- Share best practices
Module VI. Getting Your Scorecard on Track
- Overcome obstacles and challenges within your organization
- Continual review of Integration with other enterprise management and information systems
- The role of consultants
- Time and schedule estimates
- Develop an Action Plan based on your organization’s readiness
Balanced Scorecard Professional Certification Part 2: Advanced Balanced Scorecard
MONTH FOUR
Module 1: Evaluation to Assessment
- Best practices and terminology review related to Steps Nine and One of the Nine Steps to Success
- Common Evaluation & Assessment challenges
- Small group facilitation primer
- Case Study Exercise: use various small group facilitation techniques to identify case study scorecard development issues and problems
Module 2: Advanced Strategic Foundations Development
- Review of Steps One: Assessment and Step Two: Strategy best practices
- Analyze, identify and correct poor strategic foundation design
- Migrate from other planning models to the balanced scorecard
- Anticipate Various pitfalls associated with poorly designed strategic themes and perspectives
- Case Study Exercise: Revise poorly designed strategic foundation elements
Module 3: Advanced Objective & Strategy Map Development
- Review of Step Three: Strategic Objective and Step Four: Strategy Map best practices
- Facilitate the correction of poorly designed objectives and strategy maps
- Case Study Exercise: Revise poor strategic objective and strategy map design & development facilitation
Module 4: Advanced Performance Management –
Measure What Matters
- Review of Step Five: Performance Measurement best practices
- Utilize several frameworks, such as the Logic Model, the Decision Model and the Critical Question model, to develop a family of potential measurements for each objective
- Identify and correct problems associated with poorly selected measurements
- Exercise: Practice using the logic model to develop meaningful measurements for various objectives
- Module 5: Measurement Definition, Implementation & Visualization
- Advanced measurement definition: ratios, frequency & accuracy requirements
- Develop “roll up” measurements and indexes
- Set targets & normalize data
- Improve data visualization
- Case Study Exercise: Identification and correction of poor measurement definition & visualization
- Module 6: Strategic Initiative Prioritization & Management
- Review of Step Six: Strategic Initiatives best practices
- Advanced strategic initiative prioritization techniques
- Project management primer
- Case study exercise: practice using a common initiative prioritization technique
- Module 7: Advanced Scorecard Alignment & Cascading
- Review of Step Eight: Alignment best practices
- Build organizational alignment through advanced cascading techniques
- Advanced Tier 2 scorecard development
- Build a pilot program at the Tier 2 level without a Tier One level scorecard
- Develop a Tier Three scorecard and align with an appraisal system
- Case Study Exercises: Refine Tier 2 scorecards and develop Tier 3 scorecards
- Module 8: Managing & Sustaining a Balanced Scorecard
- Day-to-day management with a Balanced Scorecard
- Performance-based budgeting
- Sustaining a Scorecard
- Strategy Management Office (SMO) roles & responsibilities
Other details:
- COURSE FEE: 5,200,000NGN
- DATES: APRIL 21ST – AUGUST 21ST 2024.
- BANK DETAILS:
- Bank: Guaranty Trust Bank Plc
- Account No: 0023331797
- Account Name: Ritetrac Consulting Nigeria Ltd.