How Do I Create a Scorecard?

Because Oracle Scorecard and Strategy Management provides you with a wealth of scorecard objects with which to build your scorecard, an overall process flow and description is provided to guide you.

It is recommended that you perform each task within the process flow in order. The illustration shows a graphic representation of the overall process flow to build a scorecard.

1. Create a new scorecard to contain the scorecard objects that you choose to represent, evaluate, present, and analyze your corporate strategy, such as objectives, initiatives, perspectives, and so on.
   When you create a scorecard, you can accept the four default perspectives or you can create your own perspectives. Perspectives represent your key business competencies (for example, Research and Development or Financial) that you can use to align initiatives and objectives.
2. Define the vision and mission statements that translate your corporate direction into over-arching strategic themes and thrusts that you later support by creating objectives.
3. Create and arrange the objectives (goals or desired outcomes) for your entire organization, or for a department to develop a strategic alignment or causality between objectives. This includes assigning the KPIs that measure the progress and performance of objectives. The top-level objective (that is, the root objective) in the Strategy pane represents the entity (your entire organization or a department) that you are scorecarding.
4. Create the KPIs that gather core business data (Product Sales, for example) and specify the KPI targets, target ranges, and actions.
5. Create the KPI watchlists that you want to use to monitor KPIs.
6. Create and arrange the initiatives required to meet objectives. You also can assign KPIs to initiatives.
7. Use comments (also known as annotations) to associate explanatory text with the values of KPIs, objectives, or initiatives for a specific set of dimension values.
8. Refine and reiterate objectives and initiatives:
   1. Weight individual objectives and initiatives to specify how they impact the overall performance of the entity that you are scorecarding.
   2. Set assessment mappings.
   3. If appropriate, override the status of KPIs, initiatives, and objectives.
   4. Create agents from KPIs. (Agents enable you to automate your business processes.)
9. Depict relationships between objectives and articulate models by using strategy maps, cause & effect maps, and strategy trees.
10. Create custom views to further refine your strategy to help capture the essence of your business.
11. Create views into a scorecard based on criteria that you specify by creating smart watchlists.
12. Add scorecard views to dashboards.