Question

Describe how you would adopt a balanced score card approach to evaluate your project performance. Your response should identify specific measures you would use as well as the approach you would take to obtain the measures you identify.

Answer 1

Answer:-

Balance score card is a strategy which is utilized by the project managers to measure the performance of the projects. The measures which I will use for evaluating the performance of the project will be related with all the four point of view of a balance score care namely, clients, financial, internal procedures and learning and development.

I will set measures which will be related with measuring how much the project performance is according to the client's necessities and directions. This will assist me with understanding that whether the project will have the option to satisfy the clients by fulfilling the guidelines which they anticipate. These measures will be obtained from the guidelines of the clients.

The financial measures will be utilized to estimate the financial proficiency and efficacy of the project. This will help in understanding that whether the performance of the project as far as utilization of assets has been acceptable or not. Here the business best practices will for thee basis of these measures.

The performance of the internal procedure will be measured for establishing their adequacy and proficiency in achieving the goals and destinations of the project. These will also be gotten from the business best practices.

The performance as far as the information obtained from the project will be measured by understanding that whether this project has helped in the improvement of the information and abilities of the individuals in question. Right now will adopt and apply balance score card strategy for evaluating the project performance.

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