ManagePro supports two types of weighted average scores in deriving score values for score cards. Both are available as options when setting up the scorecard parameters for a particular record in the Score Basis field:
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Sub-Goal Weighted Average derives the score based upon those sub-goals having a scorecard configured with target and results and a weight value.
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Strategic Weighted Average derives the score value from those goals linked to the selected record via the right click option of Strategic Plan/Link to Strategic Initiative feature.
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In either case, the weighted average is computed using the following simple formula; where X = the score, W = the weight of each sub-goal or linked goal and X1-Xn are the current scores of those sub-goals or linked goals:
Weighted Average score is derived from the following equation:
(Score1 x Weight) + (Score2 x Weight) / (Weight1 + Weight2)
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Example:
Score1 is 80% with weight of 50%
Score2 is 100% with weight of 25%
(80 x .50) + (100 x .25) / (.5 + .25) = (40 + 25) / .75 = 86.7%
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As powerful as this is, it can also present a challenge in remembering exactly what sub-goals or linked goals are in play and at what weight values. We have a helpful aid. Notice that when hovering your cursor over the score of a record that is derived from a weighted average, you’ll find a pop-up window letting you view exactly which records are contributing to the current score.
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