Balance scorecard is a powerful tool

Replies to This Discussion

Permalink Reply by Stanley Maake on November 9, 2010 at 2:15am

Dear Ochieng, welcome to the Strategy Execution Group. I also agree that the Balanced Scorecard is a powerful tool that can assist NGOs, Government and other private organisations to successfully execute their well thought strategies. In the next few weeks I will post information pertaining to understanding the Balanced Scorecard and how to use it effectively to achieve breakthrough results. I am a specialist STrategy Execution SPecialing in Balanced Scorecard and I will be glad to accept invitation to share on this great tool with any member organisation. Feel free to post questions regarding the subject.

Permalink Reply by Stanley Maake on November 16, 2010 at 8:53am

Introducing the Strategy Monitor Executive Dashboard (SMED). This is an online/web based Strategy Monitoring and Evaluation Software developed by NoloConsult Human Capital of South Africa. The software has been developed to support automation of operationalizing strategy and organisational performance. To access this On-Demand system you can visit www.noloconsult.co.za.

Strategy Monitor – Executive Dashboard (SM-ED) puts government in control of monitoring and evaluation of performance and risk within and throughout the three spheres of national, provincial and local government as well as individual performance. Leaders within government will be able to track and monitor performance of their departments or government as a whole from the comfort of their offices as well as offsite. SM-ED tracks and updates performance information in real time and this function allows users to access critical departmental information for decision making or tracking purposes. Gone are the days where the government leadership had to rely on individuals to submit relevant information timeously.

The key issue, that most organisations have to deal with, is defining and cascading the strategy throughout the lower structures and individuals to create line of sight, as well as the management of performance against the strategic objectives (outcomes) and priorities. Any misalignment will lead to non achievement of the high level priorities.

These challenges can be addressed by implementing NoloConsult’s Strategy Monitor – Executive Dashboard (SM-ED). This Breakthrough information technology system has been conceptualised and developed in South Africa specifically for strategy execution, performance monitoring, evaluation and reporting at both organisational and individual level.

The challenges that will be addressed and resolved through the implementation of NoloConsult’s Strategy Monitor – Executive Dashboard (SM-ED) are:
• Operationalisation of Organisational Strategy
• Development of Scorecards or Monitoring Framework/Tools;
• Defining Performance Measures;
• Communication of Strategy to first line employees;
• Cascading/Aligning Strategy to all levels of Organisation/Government including Municipalities;
• Alignment of Budget to Strategy;
• Cascading to Individual Performance Agreement and Workplans;
• Linking Initiatives (Projects) to Strategy;
• Monitoring and Tracking of Performance on Initiatives;
• Monitoring and Tracking of Performance on Objectives (Priority Areas);
• Automated gathering and Integration of Performance Evidence;
• Integrated Reporting; and
• Reporting turnaround time.

Introducing Strategy Monitor – Executive Dashboard (SM-ED)

SM-ED is a web application and supports the use of Balanced Scorecard and other leading Management Systems and Frameworks. SM-ED is a leading Performance Monitoring and Evaluation Solution which has proven to be an effective and efficient tool of collecting Performance Information (Evidence), Tracking, Monitoring, Evaluation and Reporting of performance in real time. Because it is web based users can access the solution anytime and anywhere. SM-ED has the capability to manage multiple scorecards through a web-based solution. It provides an excellent platform for a government department to manage multiple scorecards and drive strategy execution across the departmental branches and directorates.

“To Monitor a Departmental Performance simply log onto SM-ED and view real time performance status on the departmental programmes of action, objectives, measures, targets and initiatives as well as current performance challenges within the department ”.

NoloConsult’s Strategy Monitor – Executive Dashboard (SM-ED) has the following features:
• Supports the Balanced Scorecard and other leading Strategy Execution Management Methodologies from design to reporting;
• Allows Leadership to predetermine the performance thresholds inline with the organisation’s rating scale;
• Uses Colour Coded Dashboard indicating level and status of performance in real time;
• Reporting Framework aligned to the Treasury Reporting Templates
• Online Access and Reporting;
• PDF & Powerpoint export function;
• Easy to use charting and data gathering features;
• User friendly chart for tracking performance trends;
• Alignment reporting of objectives, measures, and initiatives (Projects);
• Drill down capabilities into multiple scorecards of the organisation;
• Unlimited users.
NoloConsult’s Strategy Monitor – Performance Management Module has the following features:

• Personal Scorecards (Performance Agreements/Workplans) of employees developed online by employees and submitted for Supervisor approval;
• Personal Development Plans integrated with employees Personal Scorecards;
• Personal Scorecards development is linked to an individuals business unit scorecard ensuring that all employee objectives are aligned to the business unit focus areas;
• The system sends email reminders for reviews and other scorecard related communication;
• Allows Leadership to predetermine the performance thresholds inline with the organisation’s performance rating scale;
• Uses Colour Coded Individual Scorecard Reports indicating level and status of performance in real time;
• Performance Reviews conduct online;
• Performance Information Document Management; and
• Online Access and Reporting
For more information or a request for demo please call:
0027 12 665 5134 or mail: info@noloconsult.co.za
www.noloconsult.co.za

Permalink Reply by Stanley Maake on November 16, 2010 at 8:58am

During the month of December I will post information to introduce members who are interested to understand the Balanced Scorecard and how it can benefit their governments and programmes in executing and monitoring programmes and performance.

Attachments:

• SMS Brochure Gov 2010.pdf, 448 KB