Question: Use the Balanced Scorecard Template below to: Part 1: Create at least 3 measurable project objectives for each quadrant of the scorecard based on your
Use the Balanced Scorecard Template below to:
Part 1: Create at least 3 measurable project objectives for each quadrant of the scorecard based on your analysis.
Part 2: Determine targets, timelines, and metrics for each objective.
Part 3: Explain the following in 350-525 words on the Balanced Score Card Template: Why these objectives are appropriate for the project. Why these metrics and timelines are appropriate for your strategic plan.
Develop at least three strategic objectives for each of the four balanced scorecard areas for Tesla.
| Financial Objectives | Measures | Targets: Timeline/ Metrics |
|---|---|---|
| Increase market share | Total Revenue | Increase 5% in first year |
| Customer Objectives | Measures | Targets: Timeline/ Metrics |
|---|---|---|
| Increase customer value | Increase profit contribution per customer | Increase 5% in first year |
| Internal Business Process Objectives | Measures | Targets: Timeline/ Metrics |
|---|---|---|
| Decrease lead times for new contract implementation | Project implementation time frames | Decrease time by 3% in first year |
| Learning and Growth Objectives | Measures | Targets: Timeline/ Metrics |
|---|---|---|
| Decrease employee turnover | Facilitate regular training and opportunities for development | Reduce by 4% in first year |
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