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Strategic Project Management

Epassamoto Solutions is a traditional company with a combinedworkforce of 356 staff. Due to increased levels of competition, this company is now increasingly finding it difficult to compete especially as the larger companies seem to be a little more innovative, agile andresponsive to client requirements. Management have noticed that staff (especially the good ones) are now leaving the company to seek work elsewhere (in these larger companies). This has meant appointing newstaff and undertaking a considerable amount of re-training (to replace those that have left), which has had a negative impact on EpassamotoSolution’s core business.Given this position, senior management at Epassamoto Solutions have decided to implement a performance measurement tool (PMT) that would allow them to align the strategic, management and operationalrequirements of the business. They are therefore considering the adoption of the Balanced Scorecard (BSC) or Performance Pyramid (PP) tools to improve on the overall business performance. However, this is completely new to them (and they have never done this before).You are required to carry out the following tasks:1. Critically discuss the concept, purpose and benefits oforganizational performance measurement comparing andcontrasting the traditional and innovative performancemeasurements approaches.2. As the newly appointed business improvement consultant to Epassamoto Solutions,a. advise top management at Epassamoto Solutions on a choicebetween BSC and PP;b. discuss how the performance measurement tool yourecommend in (a) above could be used to improve the overall business performance of Epassamoto SolutionsAssignment submissionA report formatMarking Scheme and Assessment Criteriathe assignment.The following marking criteria will be applied: Evidence of critical understanding – concepts, theories andideas developed; Ability to analyse, evaluate and apply concepts in aprofessional environment; Clarity of solution generation focus, synthesis and academicrigour;