field of business to

maximize the
learning effects
and minimize
errors. So is the
case with
'Budgeting and
Financial
Forecasting'. The
areas in which
Budgeting and Forecasting
indicators can be
framed to attain
the desi
Perspective Performance
Management Perspective 62.33%
Conformance Perspective 60.00%
Structural Perspective 56.67%
Continuous Improvement and Learning 33.50%
Total Performance 54.73%
Scorecard includes 4 categories, 16 indicators

Help
- You can change the values in "weight" column, the value must be between 1 and 10;
"10" value means that the perspective or goal is the most valuable
- You can change the values in "Value" column;

Strategy tree and scorecard details :

Weight
Perspective Indicator (x of 10) Description Value
Management Perspective 3 62.33%
There can be two basic types of sources-
Number of internal and external. Internal ones include
sources used for sales data and external counterpart is that of
'Budgeting and say, distribution partners of the organization. In
Financial all, the value of this parameter will be equal to
forecasting' 3 the number of sources 12
This includes various techniques like time series
Number of method, sensitivity analysis, feed forward
methods that have neural networks etc. The techniques used
been used for should be reliable enough to base strategic
forecasting 3 decisions on them. 4
Success ratio 2 Metric is not available in trial version 0.9
% increase in
accuracy of
forecasting 2 Metric is not available in trial version 30.00%
Total Performance in group Management Perspective 62.33%

Conformance Perspective 3 60.00%

Objective This is equal to the fraction of pre-set
fulfilment Ratio 3 objectives that were fulfilled in the budget. 0.95

This indicator gives the extent to which the

work-force finds the targets realistic and
% of employees, achievable. This is an important KPI as only
who agree with when the employees are with the 'expectation'
the estimations of the management that successful and
set 3 synchronized attempts can be made. 90.00%
Degree of 'Debt:
Equity' Ratio
Conformance 2 Metric is not available in trial version 0.9
Debt Coverage'
Index 2 Metric is not available in trial version 0.9
Total Performance in group Conformance Perspective 60.00%

Structural Perspective 2 56.67%

 This includes methods like alert systems (to
inform the management automatically if
Number of anything 'beyond expectation' or 'below
supportive expectation' happens), support for various
elements in the currencies (to minimize the errors due to
software 2 exchange rates), automated calculation systems 7
This parameter helps in ensuring that neither
Frequency of the budgeting exercise is carried out 'too often'
Budget nor is it done 'once in a blue-moon'. It can be
preparation 3 done on a monthly basis. 6
% of data that is
according to the
area in which
budget is being
built 3 Metric is not available in trial version 90.00%
Number of cross-
checking methods
stuffed in the
Budget 2 Metric is not available in trial version 4
Total Performance in group Structural Perspective 56.67%

Continuous Improvement and Le 2 33.50%

% decrease in This indicator ensures that enough process
time for budget improvements are occurring in the budgeting
estimations 2 exercise. 70.00%
This is to make sure that only the deserving
Cost Decline amounts of monetary investment is done in the
Fraction 3 task of budgeting. 0.7
% drop
experienced in
'deviations' 3 Metric is not available in trial version 60.00%
Usefulness Ratio 2 Metric is not available in trial version 0.7
Total Performance in group Continuous Improvement and Learning Perspec 33.50%

Total Performance in Budgeting and Forecasting 54.73%

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Measure Target
unit Value

# 20 5

# 5 2
# 1 0.7

% 40.00% 0.00%

# 1 0.7

% 100.00% 80.00%

# 1 0.8

# 1 0.8
# 8 5

weeks 2 10

% 100.00% 80.00%

# 5 2

% 100.00% 50.00%

# 1 0.6

% 100.00% 40.00%
# 1 0.5