The "Current Value" is the latest aggregate data for a management objective. The Definitions of Balanced Scorecard Measures describes each management objective's numerator and denominator, any conditions that are applied to calculating the Current Value, and the time period of the data used to calculate the Current Value.
The Definitions of Balanced Scorecard Measures is accessed by clicking on the icon next to each management objective on the Balanced Scorecard page. The Definitions present information about each management objective's target population, rationale, data source, data time frame, specifications (i.e. numerator and denominator), and target value and percent target achieved calculation formula. The Definitions can also be accessed from "OMH Balanced Scorecard" navigation bar or by clicking on the heading of this paragraph.
The performance target OMH has identified as a desired result or set expectation for a management objective which reflects a long-term OMH target or goal. A long-term target value can be set for a multi-fiscal year initiative or can represent a non-time sensitive "ideal target" which may be unattainable (and for which a different, time sensitive target may be established).
The OMH Balanced Scorecard is a Web-based platform for providing accurate and up-to-date information for monitoring progress toward achieving the agency's aims, goals, and objectives. The scorecard is a product of using the balanced scorecard approach to strategic planning.
On the OMH Balanced Scorecard, the "% Target Achieved" shows the extent to which the Target Value has been achieved for each management indicator. For each management objective, a calculation formula for % Target Achieved is included in its entry in the Definitions of Measures.
Performance measure is a generic term used to describe a numerical measure reporting organizational activities and results. The purpose of performance measurement is three-fold: 1) assessment of current performance; 2) demonstration of performance improvement; and 3) management of performance.
The performance target OMH has identified as a desired result or set expectation for a management objective which reflects a short-term target for the time period being measured. A short-term target may be identified to ensure short-term fulfillment of a multi-year initiative or OMH's long-term goals. An explanation of how the target value for each management objective was identified is included in its entry in the Definitions of Balanced Scorecard Measures. Target values are important because they help OMH to keep the Strategic Goals in focus, motivate staff to do their best work, make explicit management expectations and serve as a mechanism for judging progress.