The difference between PROGRESS and PERFORMANCE
The latest version of BSC Designer has much more useful features. Following requests of our users we have added the specify value – Progress. What is the difference between Progress and Performance?
In the Balanced Scorecard project we have two columns - Performance and Progress. What is the difference?
The indicator “Turnover Rate” has the performance equal to 16% and progress just 3,33%.
The indicator "Turnover Rate" has the performance equal to 16% and progress just 3,33%.
Now we will check the current settings of indicator to understand the difference:
The baseline is 15 and the target value is 45. Current value is 16 that's why the progress is just 3%
- Current value is 15
- The min value is 0, the max value is 100
- The baseline is 15, target is equal to 45
The difference between Performance and Progress
Performance shows how the indicator is performing. Performance doesn’t incorporate the historical values of indicators, it calculates the value using only min value, max value and current value. That is why the performance is 16%
In contrast to performance Progress focuses on baseline and target interval, e.g. progress shows us how good is our project performing according to the starting point that we assigned and end point that is our target. In this case the baseline is 15 and the current value is just 16, so we’ve improved the current value only by 1 point, which is 3% on the interval [baseline; target]
