chapter  16
8 Pages

Innovative financial metrics: financial metrics that support disruption as part of your scorecard

Your goal with the financial perspective of your practice’s scorecard is to use it to support the financial needs of your new disruptive tools. Start by building the financial perspective of your scorecard upon the traditional tools of financial management for the practice, including annual budgets, projected profit plan, monthly profit and loss (income) statement, booked work, work in progress, and others.