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Personal Balanced Scorecard

Mario D. Wallace 2015

What is a Personal Balanced


Scorecard?
ThePBSCis a strategic planning and management
system that is used to align personal activities to
ones personal goals, vision, and strategy

Why Should We Use the PBSC?


Life coaches, executive coaches, and HR consultants make the
argument that our approach to success is not balanced
Often we focus on career or wealth and just as we find we begin to
achieve success in that area, we find perhaps in doing so we may have
neglected other important areas of our life
The PBSC addresses the notion of work-life balance, which focuses on
achieving a balance between two major areas of our lives: work and
the rest of our lives

What Are the Components of a


PBSC?
Mission &Vision
Strategy Map: Four
Perspectives (Internal,
External, Learning & Growth,
Finance)
Strategic Objectives
Baselines (Where am I?)
Targets (Where am I going?)
Measures (How do I monitor
progress?)

How to Begin?
1. Complete a SWOT Analysis
2. Assess what areas of your live you define as important
(Spiritual, Educational, Employment, Financial)
3. Convert SWOT items into Goals (Objectives)
4. Develop a Mission and Vision
5. Determine Baselines/Targets
6. Determine Measures
7. Create Action Items (Initiatives and/or Milestones)
8. Develop a Personal Strategy Map

External Process
1. Provide effective
training across UAMS 90%
2. Provide outstanding
customer satisfaction
scores 90%
Measure: Satisfaction
Survey

Financial
1. Manage budget +/- 10%
2. Reduce staff overtime by
30%
Measure: Variance report;
Overtime report

Vision &
Mission
Become an
executive leader
at UAMS who
leads via
innovation

Learning & Growth


1. Obtain my Doctorate of
Business Administration
3yrs
2. Develop my Discovery
Intellect 1yr
Measure: Y/N; Innovative
Projects

Internal Process
1. Manage Lean projects
timely 90 > days
2. Increase Effectiveness in
Disruptive Innovation (1-10
scale)
Measure: Project Report;
Impact Report

Action Items (Initiatives)


Action items

Mile markers

Start Date

End Date

Comments

Enroll into a
Doctorate
Program

Draft a personal
statement; pay
enrollment fees

5/1/2015

7/1/2015

Completed

Determine current
credit score

List all credit


agencies;
implement a plan

5/1/2015

6/1/2015

Completed

Create a plan for


manage discovery
intellect

N/A

5/1/2015

9/1/2015

In process

Assess current
baseline annual
average for Lean
projects

N/A

5/1/2015

9/1/015

In process

Develop an
impact survey for
disruptive
innovations

Research Likert
scales; develop
questions

5/1/2015

8/1/2015

In process

What questions do
you have?