The ValueHealthTM Scorecard identifies, collects, and reports metrics on key measures to demonstrate the impact of project management across the organization. The measures identified in the ValueHealthTM Scorecard are intended to look at the portfolio of projects to identify and report trends in the portfolio. It is crafted with input from the stakeholder community in a formal, facilitated manner to ensure the appropriate metrics are identified along with the infrastructure mechanisms necessary to support long-term success. Further, it provides the monitoring capabilities for driving the end-to-end project and program execution and tracking mechanism.
The development of the appropriate metrics — inclusive of vehicles to capture the information and owners — necessary to ensure the health of the organization by providing a mechanism by which it may monitor its progress toward identified goals and success measures. Crafted with the input of the management community and predicated on both improvement initiatives and ongoing operations, this is a powerful and proven mechanism that ensures ongoing success and incremental improvement.
By measuring standard and unique activities within the organization, early indicators of problems may be identified and continued incremental progress toward goals may be monitored and shared for morale and team-building. Progress against a baseline may be used as a strategic input for planning future improvement opportunities.
It is highly recommended that the definition and implementation of a success measurement framework follows the development of recommendations from a maturity assessment.