How is it different from other methodologies, such as Six Sigma, activity-based costing and IT governance?
Activity-based costing was a precursor to balanced scorecard; it evaluated the costs, rewards and benefits of specific activities. The balanced scorecard concept builds on this idea. Six Sigma is a product of the balanced scorecard, imposing even greater structure. The balanced scorecard is often part of the IT governance process and is generally used as a performance measurement to help determine how much is being spent and where IT is making a contribution in achieving business goals. Does every organisation need a balanced scorecard of some type? Most, but not all, organisations can benefit from a balanced scorecard approach-both public and private. In general, the larger and more complex the organisation, the more it will benefit. Companies that are heavily regulated also benefit, as well as companies in crisis. Both of these types of organisations can use the structured approach for more detailed reporting to those overseeing them. The amount of structure already in place is anoth
