Scorecards and Dashboards

A scorecard is a form of report which measures individual performance and contract the performance over the individual goals and projections. Scorecard assesses the failure and success of individual efforts, founded on key performance indicators (KPIs). Scorecard process starts by early determination of the KPIs so as to permit management to use them to evaluate the progress successfully. When accurately done, scorecard offers great value to an enterprise since it can assist in evaluation of business direction and goals, establish tracks, evaluate patterns and trends and in using resources in the most efficient manner possible.  Dashboards on the other hand are multiple reports, permitting an individual to easily contrast and compare various reports or to access different datasets in a single screen. Scorecards can be viewed and included on a dashboard with other forms of reports. Among the common reports utilized on a dashboard include trends on new item, exception reports, and analysis of 52-week profit. Dashboards can be modified and present various views from a field representative to the executives. Basically, all data are pulled from one data repository to guarantee accuracy in the reports. The main benefit of using a dashboard is that it makes it easy for the management to access summary of important information at ago (Mihai & Zamfir, 2014).