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Balanced Scorecard, Performance Management

Lead & Lag Indicators: How OpenStrategies PRUB-thinking can help

The idea of Leading and Lagging Indicators was highlighted when Kaplan and Norton first described the Balanced Scorecard. Since then, many organisations have recognised the need to identify not only a balanced set of objectives and measurements, but also an appropriate mix of Lead and Lag measurements (Indicators). Simplistically, Leading Indicators should give you an early warning, or forecast, of what’s likely to happen in the future and Lagging Indicators will enable you to evaluate performance after the event.

We have been impressed with the simplicity and power of OpenStrategies’ approach to strategic planning and their under-pinning PRUB-thinking. The approach is particularly relevant to multi-agency planning situations such as exist in criminal justice, healthcare and local authority settings. We think it can also be used to help develop a balanced set of Leading and Lagging Indicators.

Download the full article PRUB Lead-Lag.

Read more articles about our approach to Performance Management.

 

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