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Introduction - Functions Overview - Purchase
Program
BSC Designer doesn’t just record the values of your indicators; it
can help you to evaluate them. Use our new analysis tools to:
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Quickly identify your best- (and worst-) performing
indicators.
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Easily see which indicators are most important to your whole
scorecard, and to your whole business.
-
Predict an indicator’s future value, based on its past
performance.
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And set up automatic alerts to let you know when the indicator’s
value reaches a particular range.
Accessing the Analysis Features
To access our analysis tools, just open your scorecard project in
BSC Designer, and click on the "Analysis" tab at the bottom of the
screen.
This tab includes three important sections:
- Analysis Type allows you to choose what kind of analysis to
perform. We’ll look at
each of these options later.
-
The Indicator List shows
each of your indicators, and the results of your
analysis. You can
double-click on an indicator here to see the same indicator in the
Tree view.
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And in the Time Internal
section, you can choose the time period on which to base your
analysis. For instance,
you might analyze an indicator’s performance over the past week, or
the past month.
Performance Analysis
Click on Performance in the Analysis Type section to see the
performance of your indicators, compared to their maximum and
minimum values.
By default, the Indicator List sorts your indicators by
performance, with your best-performing indicators first, and your
worst-performing indicators last. To reverse the sort order, just
click on the heading for the Performance column.
Progress Analysis
The Progress analysis type is similar, but here each
indicator is evaluated on a scale from its baseline value to its
target value.
For more details about the difference between performance and
progress, please see our video tutorial, "Calculating
an Indicator’s Performance and Progress.“
Again, the indicator list is sorted with your best-progressing
indicators first. Click
on the Progress column heading to reverse the sort order.
"Absolute Weight" Analysis
Choose Absolute Weight in the Analysis Type section to see
all the indicators on your scorecard, sorted according to their
absolute weight—that is, their importance to the overall value of
your whole balanced scorecard. This type of analysis can be very
helpful in helping you to prioritize the most important parts of
your business.
Forecast Analysis
The Forecast analysis type allows you to predict the future
behavior of your indicators, based on linear forecasting.
There are two options:
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You can choose a "Target Date,“ and BSC Designer will predict what
value an indicator will
have on that date.
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Or, you can choose a "Target Value,“ and BSC Designer will predict
when the indicator will reach that target.
For instance, Indicator 1 had a value of 10 on 1 November, 2010,
and a value of 20 on 15 November, 2010.
For the target date of 25 November, 2010, BSC Designer predicts a
Forecast Value... of 23.406.
And BSC Designer predicts that this indicator will reach its Target
Value of 30... on the Forecast Date of 4 December, 2010.
Creating Alerts
The Analysis Type section also includes an Alerts
option.
Here, you can set up alerts to notify you if a particular indicator
ever reaches a particular value, or if it reaches that value at a
particular point in time.
Let’s say that I want to be notified if Indicator 1 reaches a value
between 20 and 30... on a date between 1 November 2010 and 30
November 2010. (I could
also click the "All Time“ box, to be notified if this indicator
ever reaches that
value.)
The current value of Indicator 1 is inside that range, and it’s
November 2010... so an alert icon appears next to my
indicator. This blue
exclamation point makes sure I notice that the indicator has
reached the value I chose, so I can take appropriate action.
"Update time" analysis
This type of analysis allows to find indicators that was not
updated on time.
The result of the analysis is the list of indicators:
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By default indicators are sorted by the time period left to update
this indicator;
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Negative value in the "Update in..." column means that indicator
should have been updated some days ago. For instance -1 day means
that indicator should have been updated yesterday, but was not
updated on time.
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"!" icons appears next to indicators that were not updated on
time
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The "Last Updated" column contains the date of the last time point
for this indicator. If the value is "N/A", then no time points were created for this
indicator.
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