Forum Discussion
Balanced Scorecard Sliding Scale formula problem
Hello,
your formula only has three levels and you hard code 35*0.75. There is nothing sliding here.
What calculation do you apply to arrive at "almost 35" for 299? Can you explain the logic in words?
It looks like you want to base the calculation on the ytd value as a percentage of the last year or plan value. So you may want to use
=IF(ytd>=stretch,35,IF(ytd>=plan,((35-((35/ytd)*plan))+35)*0.75, IF(ytd>=last_year,((35-((35/ytd)*last_year))+35)*0.5)))
Let me know if that helps.
I ran into one snag. The formula works perfectly for items that are increasing but not decreasing
Example:
Profit Margin
Last year $100 Plan $200 Stretch $300 = formula works
Safety Accidents
Last year 200 Plan 150 Stretch 100 = formula doesn't work
Still looking for assistance on this formula. If anyone can help, it would be greatly appreciated.
Thanks :)
So, what result would you expect for decreasing values? Can you explain the logic in words?
The final value should be the same. If I reach the Stretch, I get 100% of the allotted points, if I reach Goal, I get 75% of the allotted points, and if I het Last Year, I get 50% of the allotted points.
So, If we look at Profit Margin where an increase is what you want, your formula works as seen below:
=IF(ytd>=stretch,35,IF(ytd>=plan,((35-((35/ytd)*plan))+35)*0.75, IF(ytd>=last_year,((35-((35/ytd)*last_year))+35)*0.5)))
However, for Safety Accidents, Less is better and doesn't seem to calculate properly. Im thinking it is a BEDMAS issue maybe?
Safety Accidents (Lets us 35 as the allotted points for example)
Last year 200 accidents. In the formula, this should reflect 35 out of 35 points
Plan 150 accidents. In the formula, this should reflect 26.25 points
Stretch 100 accidents. In the formula, this should reflect 17.5 points
Can anyone assist with the above problem? I hope I was able to explain it properly.
I have a balanced scorecard which I made and is almost perfect.
The following criteria are crucial:
Last Year - This is 50% of the allotted points
Plan - This is 75% of the allotted points
Stretch - This is 100% of the allotted points
So, If we look at Profit Margin, and the allotted point value is 35 where an increase is what you want, my formula which Ingeborg Hawighorst made for me works as seen below:
=IF(ytd>=stretch,35,IF(ytd>=plan,((35-((35/ytd)*plan))+35)*0.75, IF(ytd>=last_year,((35-((35/ytd)*last_year))+35)*0.5)))
However, for Safety Accidents, Less is better and doesn't seem to calculate properly. Im thinking it is a BEDMAS issue maybe?
Safety Accidents Data
Last year 200 Plan 150 Stretch 100
Safety Accidents (Lets us 35 as the allotted points for example)
Last year 200 accidents. In the formula, this should reflect 17.5 out of 35 points
Plan 150 accidents. In the formula, this should reflect 26.25 points
Stretch 100 accidents. In the formula, this should reflect 35 points
The formula above seen in the Profit Margin does not work if the values are decreasing. It may be an order of operations error because the values are decreasing not increasing.