Project Scorecard Checklist

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1. Assess the Project.
   • Define goals and objectives of your project
   • Identify your organization’s business needs and mission
   • Be sure that the project’s goals and objectives are aligned with the business needs and mission
   • Identify the project’s environment (challenges, enablers and values)
   • Assess the organization’s capacity against the environment to be sure it has all necessary resources to do the project
   • Prepare a change management plan and assess it for effectiveness
   • Carry out a focused meeting to identify and agree on success criteria for your project
   • Assess the project’s feasibility and cost-effectiveness
   • Develop a report that proves the project is worthwhile (feasible and cost-effective) 
2. Make a Strategy.
   • Identify strategic results your organization wishes to receive upon project completion
   • Identify project deliverables (tangible and intangible results)
   • Be sure that deliverables are aligned with strategic results
   • Define benefits of your project
   • Find out whether project benefits provide value to your organization
   • Develop and agree on strategic themes or plans for implementing your project
   • Identify perspectives through developing forecasts and projections
   • Make a single implementation strategy that explains how to make your project successful 
3. Develop a Strategic Map.
   • Perform cause-effect analysis to identify linkages between the enterprise-wide strategic objectives and project goals
   • Merge the implementation strategy with your project plan
   • Develop a strategic map which shows how the project creates value to stakeholders and customers
   • Place project metrics (see below) on the map for measuring the project by various parameters 
4. Define Project Metrics (Examples).
   • Cost metrics: Budget Compliance, Cost Variance, Targeted Costs, Actual vs. Estimated
   • Scope metrics: Scope Change, Scope Forecast, Scope Baseline
   • Time metrics: Activity Duration, Milestones, Schedule Effectiveness, Schedule Resource Loading, Delays
   • Risk metrics: Compliance with Risk Register, Risk Responsiveness, New Risks, Risk Planning
   • Issue Metrics: Impact to Baseline, Issues Unsolved, Urgent Issue
   • Deliverables Quality metrics: Defects, Forecasted vs. Actual, Standards Adherence, Rework
   • Opportunity metrics: Cost-Saving, Labor-Saving, Teamwork, Communications
   • Success metrics: Deliverables Accepted, Completion, Goals Achieved, Value Delivered 
5. Build a Scorecard.
   • Make a table with multiple rows and columns.
   • Add the following headers to columns: Objective, Metric, Priority, Initiative, Data Owner, Score
   • Add the following titles to rows: Finance, Customer, Process, Training, Growth
   • Fill up all empty columns and rows with data about your project
   • Check and revise data before submitting your ...

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