Balanced Scorecard with annual objectives with intermediate checkpoint every month

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Balanced Scorecard with annual objectives with intermediate checkpoint every month

Balanced Scorecard concept can be used for strategic planning. Learn how to create a Balanced Scorecard with annual objectives and intermediate checkpoint for every month.

Initial conditions:

The annual objectives of the company is to generate $12 million in sales
The objective for each month is $1 million in sales

Our goal:

Check each month if we have reached monthly objective and how far we are from reaching the goal

Example file:

Below is the detailed instruction on how to assign monthly goals. Right now you can download the BSC project file (download as zip) that was used as an example. To open this file you will need to download BSC Designer.

Balanced Scorecard with BSC Designer

First, we need create appropriate indicator that shows us sales value:

First, add "Sales" indicator into the Balanced Scorecard

We start from $0 and our target is to have “$12 million” in sales in a year. We need assign appropriate min and max values. There is a chance that we will generate more that $12 in sales, so the min=0 and the max=15:

We start from $0 and our target is to have "$12 million" in sales in a year.

Now, we need assign the baseline and target value. The baseline is 0$, the target value is $12 million:

First we click on the starting date to create a start point. Here we need to enter the baseline value.
Then we click on the end date (which is in a year) to assign end point. Here we need to enter the target value.

Then we click on the end date (which is in a year) to assign end point. Here we need to enter the target value.

Now, we have to define objective for each month. Click on the intermediate checkpoint date in the calendar and enter the target value for this specific date.