Question

Describe why the Balanced Scorecard method may or may not be useful in the monitoring and evaluation process.

Answer 1

The balanced scorecard method can be used for monitoring and evaluation because the objective of the method is top evaluate the performance of a strategy that has been implemented or has been in place in the organization for several years. It is a standard and structured report that helps the managers to monitor the activities related to execution taken care by the staffs and employees. So it is clear that both evaluation and monitoring of the process is possible through Balanced Scorecard method.