Balanced Scorecard Basics QLS Level 1

Unit 1: Balanced Scorecard – Understanding the Basics

This unit introduces the concept of the balanced scorecard and explains why organizations need it to drive strategic success. Learners will explore the scorecard process through practical examples, including a sample scorecard and tactical action plan.

Unit 2: Creating a Project Vision Statement

In this unit, learners will discover the essential building blocks for creating a balanced scorecard and learn how to develop a clear project vision. The module also covers how to form effective teams and implement strategic plans with confidence.

Completing the Balanced Scorecard Basics QLS Level 1 course can open doors to a variety of strategic and performance-focused roles. Learners can pursue careers as business analysts, project coordinators, performance managers, or strategy assistants. This course also benefits team leaders, department heads, and professionals involved in planning or operations who want to improve decision-making and goal alignment. It lays the groundwork for more advanced studies in business strategy and performance management, helping individuals progress into senior roles such as strategy consultants or operations managers. The skills gained are valuable across industries, including corporate, government, and non-profit sectors.

At the end of this course successful learners will receive a Certificate of Achievement from the Quality Licence Scheme and a Learner Unit Summary (which lists the components the learner has completed as part of the course).

This course and/or training programme has been endorsed by the Quality Licence Scheme for its high-quality, non-regulated provision and training programmes. This course and/or training programme is not regulated by Ofqual and is not an accredited qualification. Your training provider will be able to advise you on any further recognition, for example progression routes into further and/or higher education. For further information please visit the Learner FAQs on the Quality Licence Scheme website.

What is the main focus of this Balanced Scorecard course?
The course focuses on introducing learners to the fundamentals of the balanced scorecard, including how to create strategic plans and align team efforts with organizational goals.

Do I need any prior experience to take this course?
No prior experience is needed. This is a Level 1 course designed for beginners and individuals new to performance measurement and strategy implementation.

Will I learn how to create my own balanced scorecard?
Yes, the course guides you step-by-step through the process of creating a sample scorecard and building a project vision statement.

Is this course suitable for small business owners?
Absolutely. The principles taught in this course can be applied to businesses of all sizes, helping owners and managers set clear objectives and track performance.

How will this course benefit my career?
Understanding the balanced scorecard will equip you with strategic planning and performance management skills valued across many industries.

What is the basic balanced scorecard?
A basic balanced scorecard is a strategic planning tool that measures an organization's performance across four perspectives: financial, customer, internal processes, and learning and growth.

What is the concept of balanced scorecard?
The balanced scorecard helps organizations align business activities with their vision and strategy, ensuring balanced evaluation of both financial and non-financial performance.

What are the 4 elements of a balanced scorecard?
The four elements are Financial Perspective, Customer Perspective, Internal Business Processes, and Learning & Growth Perspective.

What are the basic steps for using a balanced scorecard?
The basic steps include defining the vision, identifying key objectives, setting measurable indicators, linking initiatives to goals, and continuously reviewing performance.

What is a scorecard used for?
A scorecard is used to monitor and manage an organization's strategic performance by aligning day-to-day activities with overall goals.