Free Balanced Scorecard Template

Track strategy, align teams, and measure what matters

Download an editable Balanced Scorecard template in Excel to:

• Track strategy

• Align teams

• Measure what matters
• Organize objectives, KPIs, targets, and owners
• Use all four Balanced Scorecard perspectives
• Download in Excel and PDF

How to Use the Balanced Scorecard Template

• Define Strategic Objectives: Write one to three objectives for each Balanced Scorecard perspective: Financial, Customer, Internal Process, Learning, and Growth.
• Set KPIs and Targets: For each objective, add one or two KPIs. Define current values and target values to track progress.
• Assign Owners and Initiatives: Name an owner for each KPI and list the primary initiatives or projects that will drive improvement.
• Schedule Reviews: Use the scorecard in monthly or quarterly strategy reviews to update status, capture actions, and reassign priorities.
• Use it in Meetings: Print the sheet for leadership meetings or import the Excel into KPI Fire to automate tracking, dashboards, and accountability.

Share this resource with anyone you want to inspire to participate in a continuous improvement initiative.

Use this template with your team or share it with someone who leads change in your organization. The companies that build daily improvement habits are the ones that outperform in quality, customer trust, and employee engagement.

“Progress is impossible without change, and those who cannot change their minds cannot change anything.” – George Bernard Shaw

Included:

• Balanced Scorecard template in Excel (editable)
• Pre-filled example scorecard to speed setup
• Fields for objectives, KPIs, baseline, targets, owners, and status
• Section for initiative and action owners
• Space for notes and next steps

Who This is For

Ideal for strategy teams, continuous improvement leaders, operations managers, and executives who want a clear framework to track performance and align activity to strategy.

What people are saying about this template:

• “Simple, practical, and ready to use right away.”
• “This made it easy to organize my project and get my team aligned.”
• “Clear layout. No fluff. Just useful.”
• “I finally understand how to structure improvement work.”
• “I shared it with my team, and we started using it the same day.”