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Establishing 'Making it Happen' as a 'Formal & Predictable' Discipline
Principles and Rules Listing Page

Commentary is must in a Scorecard

Scorecard is one picture which is not complete without words.
 
This page of 'Principles and Rules' is linked to:  Execution Scorecard, Customer Relationship, Sales & Distribution, Focus & Money-Machine, Data Analysis/OLAP, BI platform Tools Evaluation,

A Scorecard is much more than a collection of tables and graphs. The commentary should address the questions 'what is happening?', 'why is it happening?', 'What is expected to happen?' and 'What are we going to do about it?'. If a Scorecard does not have answers to the above-said questions, consider it as non-actionable.

Here is the difference between the Dashboard v/s Score-card. Many a times people follow the same principle with scorecard as they do with the dashboards. Dashboard are supposed to give a quick snap-shot of the current situation, and generally don't contain any commentary. However scorecards are expected to go into more detailed and insightful assessment of business.

At the same time, commentary should be very crisp, so that it does not eclipse the significance of numbers. Verbosity and philosophy are the enemies and ruthless summarization is a virtue here. No need to be grammatically correct and not need to be diplomatic in your language.

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Relevant Links to this page
TOPIC - Scorecard vs. Dashboard → Performance Scorecard Design → Principles & Rules → Go sequentially in performance management → Principles & Rules → Commentary is must in a Scorecard → Principles & Rules → Prioritize the metrics in scorecard to start maximizing its potential → Principles & Rules → Customer and shareholder is the best test for a Scorecard → Principles & Rules → Scorecard should not only be pure business metrics → Principles & Rules → Be Trusted first, Respected later and Loved last → Principles & Rules → Don't spend more than 3-4 hours in a month in reviewing a scorecard. → Principles & Rules → Performance Review Session should stay focused → Principles & Rules → Scorecards need manual finish → Principles & Rules → Decision Management Process- An enabler to a Science and an Art → 
 
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Relevant links to this page
Scorecard vs. Dashboard
Performance Scorecard Design
Go sequentially in performance management
Commentary is must in a Scorecard
Prioritize the metrics in scorecard to start maximizing its potential
Customer and shareholder is the best test for a Scorecard
Scorecard should not only be pure business metrics
Be Trusted first, Respected later and Loved last
Don't spend more than 3-4 hours in a month in reviewing a scorecard.
Performance Review Session should stay focused
Scorecards need manual finish
Decision Management Process- An enabler to a Science and an Art
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Principles & Rules
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