The balanced scorecard model differs from project selection models by reviewing projects during several consecutive short periods of time.

Question

Quizplus · Accepted Answer

The balanced scorecard model reviews projects over a long horizon and measures the results of major activities taken to support the overall vision,mission,and goals of the organization.This model helps answer two questions: "Did we select the right projects?" and "Did the project contribute to the long-range strategic direction of the firm?" The scorecard model limits measures of performance to goals in four main areas: customer,internal,innovation and learning,and financial measures.

The Balanced Scorecard Model Differs from Project Selection Models by Reviewing