Balanced Scorecard is a planning, measurement and communications tool first proposed by Robert S. Kaplan and David P. Norton (“Using the Balanced Scorecard as a Strategic Management System.” Harvard Business Review, January-February, 1996, 75-85.) By using the scorecard, an organization can help ensure that its mission, budget, and projects are synchronized, all working toward the same ends, and can objectively measure how well it is doing at achieving its strategic goals.
The premise of the Balanced Scorecard is similar to a school report card: an organization has several dimensions of performance, and can measure its performance from these different perspectives. For public sector organizations, the Balanced Scorecard perspectives include: