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Course Description
This Balance Scorecard training course provides you with relevant knowledge on how to develop and implement a Balanced Scorecard System. Balance Scorecards course offers a comprehensive overview on the many benefits any organization can extract from the Balanced Scorecards implementation.
What Do Participants Learn?
Get access to a deeper understanding of the value added and functionality of the Balanced Scorecards
Develop and implement a Balanced Scorecard Management Architecture in a standardized manner;
Overcome challenges in strategy execution by implementing the Balanced Scorecards;
Improve strategy communication by using the Balanced Scorecards;
Who Should Attend?
- Professionals interested in measuring performance
- Top/middle/lower management professionals
- Performance measurement experts
What Will the Learning Experience Include?
Phase: 1
Introduce
- Comprehensive pre-program activities include:
- Web-based information forms & surveys completed by attendee.
- Direct consultation with the attendee about the expectations.
- During the training, participants engage in data, activities, and conversations that lead to insight and knowledge.
- Participants learn from expert trainers who have both academic and business experiences.
- Highly applicable training content & instructive activities for adding depth to training topics.
- **A half-day site visit for integrating the experience & plan next steps. Opportunities to provide connections, ideas & support.
Phase: 2
Explore & Practice
Phase: 3
Apply
- Apply & sustain the learning experience by using this ongoing support:
- To ensure participant has new skills or behavior progress.
- Optional, fee-based mentoring & coaching with the trainer.
- Training materials & additional documents (e-books, pdf files, presentations and articles)
- Evaluate your training experience by giving us feedbacks and help us to reach our organizational goals.
- Participant's Evaluation
- Trainer's Evaluation
Phase: 4
EVALUATE
Section One:
Strategy Management and BSC
Overview of the Performance Management System
The role of the Balanced Scorecard
Strategic Planning
Vision and mission statement
Organizational values
Value drivers
Goals
Setting objectives and KPIs
Objectives formulation
SMART objectives decomposed
KPI selection
KPI documentation
Initiatives definition
Section Two:
The architecture of a Balanced Scorecard Management System
Desired State of Evolution (DSOE): linking values, mission, value drivers, and vision
Strategy Map: objectives as a performance road map
Performance Scorecard: alignment across all sectors of the organization
Portfolio of Initiatives: translating priorities into action
Developing Balanced Scorecard Performance Architecture
Desired State of Evolution formulation
Strategy Map development
Performance Scorecard development: defining the most relevant KPI
Section Three:
- Implementing and using a BSC
BSC deployment
KPI activation and data gathering
Performance reporting with the Balanced Scorecard
Performance review meetings
Balanced Scorecard review
Value added by the Balanced Scorecard
Balanced Scorecard Architecture: cascading across organizational levels
BSC Management System implementation project
Key enablers: Technology and innovation
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Finance & Accounting for the Oil & Gas Industry
Petroleum Engineering
Fundamentals of Oil and Gas Industry
Risk Management for Oil & Gas Projects
Oil & Gas Gravity Separation
Natural Gas Liquids Recovery (NGLs)
Natural Gas Dehydration Technology
Basic Instrumentation For Process Operators
Test Shadi
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Certification
Averest Training Certificate of Completion or delegates who attend and complete the training course
This course is certified by:
On-Site Training
This Course can be customized delivered to a group at your facility saving time and money.