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Using the Balanced Scorecard to Enhance the PPM Methodology and Balanced Scorecard
The use of teams in business creates diverse views and experiences to address the issue at hand, most often leading to increased productivity and better problem solving. The most common challenge in teamwork is conflict, but if each member of a team shares a goal and an equal commitment to the final outcome, the challenges can be mitigated. After reading the presentation Using the Balanced Scorecard to Enhance the PPM Methodology (and, if needed, the optional resources), check the announcements board to determine your group assignment and gather in your assigned discussion forum with your team. Your team meeting should be a dynamic discussion throughout the week using the questions below to guide you. Your posts should be well-researched, illustrated with specific examples, and properly cited. You should join your team as early in the week as possible, but you are required to join your team and make your initial post no later than Thursday. Remember that the discussion is not the last step of the group activity. In Part II (the following activity), the team must create a balanced scorecard (BSC) for the final project case study by Sunday at 11:59 p.m. of your local time zone. Your discussion should be designed to lead to this final deliverable, providing plenty of time for feedback on the BSC from the team prior to submission as well as input on the final deliverable. Guiding Questions: •Share your personal experience, if any, with the use of a BSC. Also share thoughts about how a BSC might be used in your current or former employment situation. If you prefer, you can research an organization to answer this question rather than using your own employment experience. •How can a BSC be used effectively to make organizations more competitive? •What are the advantages and disadvantages in applying the BSC framework to the final project case study Value-Driven Project and Portfolio Management in the Pharmaceutical Industry?
Please be sure to read the rubic for part 1 and part two.
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