Charts and diagrams are a standard part of doing business today. Good managers know that visual representations of data save them time, and make their decisions easy.
That’s why BSC Designer has a whole set of charts built in, to show you all the most important data on your Balanced Scorecard.
When you open a project in BSC Designer and select an indicator or a category, you will see all the relevant charts. Click on any of the small charts on our main window to see a larger view.
Let’s take a closer look at each of the charts in BSC Designer.
The optimization chart shows you the current performance of your indicator. It includes your indicator’s value, and its function line.
- The three points on the chart show you the indicator’s baseline value, its current value, and its target value. Just look at these three points, and you can see your progress toward your goal.
- The line represents the indicator’s optimization formula—that is, the relationship between the indicator’s value, and its performance. Our default formulas, Maximize and Minimize, are both linear functions, so this will usually be a straight line.
- The relationship between an indicator’s value and its performance is not always linear. It might be binary, or it might be more complex. To create a different optimization formula, just select the indicator, open the Optimization dropdown menu, and choose “Editor.” The line on the optimization chart will change shape accordingly, to show you how the indicator’s performance will change when you change its value.
Read more about Optimization Chart.
The pie chart shows the relevant performance of each of the indicators in a particular category. This is an easy way to see which indicators are doing well, and which ones need more of your attention.
Read more about Pie Chart.
The weight chart shows the absolute weight of your indicators. It takes into account not only the weight of each indicator within its parent category, but the weight of each category on the Balanced Scorecard. In other words, it shows you how important each indicator is to the overall value of your Balanced Scorecard—that is, to the overall performance of your company.
Read more about Weight Chart.
The gauge chart shows you the performance of each indicator:
- The small red arrow represents the indicator’s baseline value.
- The small black arrow represents its target value.
- The large arrow shows its current value.
- And the colored scale matches the colors and thresholds you chose for your stop lights. Open the Tools menu and choose “Application Options” to choose what colors to use, what values they should represent, and whether they should measure your indicator’s performance, or its progress.
Read more about Gauge Chart.
The diamond chart, also known as the Radar Chart, shows you the baseline value, current value, and target value of your indicators. This is an easy way to identify the best and worst performing indicators in a category.
Read more about Diamond Chart.
The Time Chart shows you how the values of your indicators and categories have changed over time.
- When you select an indicator, its Time Chart shows each change in the value of the indicator, compared to its baseline and target values.
- When you select a category, the Time Chart shows you how the overall performance of the category has changed over time, compared to the baseline and target values of the indicators in that category.
The colors in the background match the colors of your stop lights. Go to the Tools menu and choose “Application Options,” and you can decide what colors to use, what values they should represent, and whether they should measure your indicators’ performance, or their progress.
- Learn more about Time Chart.
The Risk Chart is designed specifically for risk indicators. It shows the impact and the probability of the risk. And again, the colors in the background match the color scheme you chose for your stop lights.
- Learn more about Risk Chart.
Which Charts Do You Need?
By default, BSC Designer’s toolbar gives you instant access to all of these charts. If you decide you don’t need one of the charts, you can right-click on any chart to open the Charts Visibility menu. Here, you can choose which charts to show, and which ones to hide.
On the other hand, if you’d like to use all of our charts, BSC Designer includes a handy Dashboard view, where you will see all of our charts at once.
Just click on the Dashboard tab at the bottom of the window to switch to the Dashboard view. This is a quick, easy way to visualize and analyze an indicator.