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DYNAMIC BALANCED SCORECARD FOR REAL ESTATE DEVELOPMENT ORGANIZATIONS

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Last updated: 13 Dec 2022

Subjects

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Tags

Real Estate Development
Performance Measurement System
Balanced Scorecard
System Dynamics
DYNAMIC BALANCED SCORECARD FOR REAL ESTATE DEVELOPMENT ORGANIZATIONS
ICASGE'23

Abstract

Real Estate development organizations are working in an environment that is associated with uncertainties due to many internal and external inherent risks. Further, their structure and operation systems are complex which make them more prone to catastrophes' events. Accordingly, an effective performance measurement system must be built in order to shield these organizations from the negative impact of these specific risks. The standard balanced scorecard is the most popular technique used for measuring performance, but it has many flaws within that hinder it from being fully operative. System dynamics modeling technique is very effective in dealing with complexity within systems, thus integrating it with balanced scorecard will overcome these specific flaws. The paper presents a proposed dynamic balanced scorecard oriented for real estate development organizations in order to measure, control, and upgrades their performance. The model provides detailed system description, identifies key driving factors, and performs a standalone policy analysis. The outcome of the model should enhance the quality of the decision-making process within the organizations toward any adopted strategy.

Keywords

Real Estate Development, Performance Measurement System, Balanced Scorecard, System Dynamics

Authors

First Name

Amr

Last Name

Abdel-Latif

Affiliation

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Email

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City

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Orcid

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First Name

Ahmed

Last Name

Mohamed

Affiliation

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Email

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City

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Orcid

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First Name

Mohamed

Last Name

Marzouk

Affiliation

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Email

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City

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Orcid

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Volume

ICASGE2019

Issue Date

1 Jan 2019

Publish Date

29 May 2022

Link

https://icasge.conferences.ekb.eg/article_1671.html

Order

400

Publication Type

Conference

Publication Title

ICASGE'23

Publication Link

https://icasge.conferences.ekb.eg/

Details

Type

Article

Locale

en

Created At

13 Dec 2022