A dashboard and a scorecard are both performance management tools, but they serve different purposes. A dashboard is designed to give you a high-level view of your performance, while a scorecard is designed to help you track specific metrics.
What is Dashboard?
A dashboard is a type of graphical user interface (GUI) that is used to visualize data or information in an easy-to-read format. It is often used by businesses to track key performance indicators (KPIs) or metrics, and can be customized to display the specific information that is most relevant to the users. Dashboards can be static or interactive, and can be accessed on a variety of devices including computers, tablets, and smartphones. Additionally, they can be embedded into other software applications such as customer relationship management (CRM) systems or enterprise resource planning (ERP) systems.
What is Scorecard?
Scorecard is a comprehensive performance management system that offers a balance of quantitative and qualitative data to help organizations assess their progress and identify areas for improvement. The system is designed to be flexible and adaptable, so it can be used in a variety of settings. Scorecard can be used to track progress over time, compare performance across different departments or divisions, or benchmark against other organizations. Additionally, the system can be customized to fit the specific needs of an organization.
Difference between Dashboard and Scorecard
Dashboards and scorecards are both tools that can be used to track and measure progress. However, there are some important differences between the two. Dashboards typically provide a more high-level overview of data, while scorecards tend to be more detailed. Dashboards are also generally used to track progress over time, while scorecards are often used to compare performance against specific targets.
A dashboard is a great way to get an overall snapshot of your business, but it doesn’t give you the details you need to make decisions. For that, you need a scorecard. A scorecard gives you the information you need to drill down into the data and figure out what changes you need to make in your business.