Project Performance Management Scorecard (PPMS) Using the ABSC Framework

  Communications Management   Knowledge Shelf  

Organizations around the globe are under increasing pressure to innovate, improve, introduce, and process efficient and new products. Planning cycles are diminishing and so is the need to periodically revisit the enterprise strategy. Any such enterprise strategy relies heavily on projects to deliver results, leading to a situation in which project performance is directly associated with the enterprise’s ability to deliver its objectives. The situation has placed much pressure on project managers to find new and effective ways to deliver project performance. Project performance is about the end state and outcome of projects. It is an outcome of complex integration, and inter-dependencies between a number of knowledge areas, project phases, stakeholder expectations, and the dynamic “cause and effect” relationship between different project variables. Given the strong correlation between  project performance and organizational performance, our experts researched the suitability of well-accepted enterprise performance management systems and frameworks in the context of project performance.

 This paper explains how the balanced scorecard (BSC) framework can be leveraged to enhance project performance management. A description of the balanced scorecard (BSC) method is given at the end of this article. The BSC framework is an effective tool to …

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