Balanced Scorecard Dashboard is a performance data measurement tool that delivers organizations the ability to communicate complex information visually for detailed analysis and decision making. It provides a perspective view of strategic objectives and their performance over a certain period.
The idea behind a balanced scorecard dashboard is that managers should be enabled to complement the drivers of past performance with the drivers of current performance in order to develop a future performance perspective.
A true balanced scorecard dashboard should include these components:
- Perspectives, which visualize strategic concerns and high-level areas
- Objectives, which define desired outcomes and achievements of strategic plans
- Measures, which are used for determining performance in critical areas
- Reports, which allow analyzing performance measures and making informed decisions
These components help create scorecards and at-a-glance views of performance. Balanced scorecard dashboards use various gauges, graphs and tables to create combinations of the components and thus provide customized reports on a single computer screen.