What Is a Board Analysis?

A board analysis is an image, typically a large whiteboard, that is placed in front of an analysis process to assess the performance with the planned performance. The board enables a company to monitor its operational performance in terms of quality, quantity, and timeliness. It allows managers to spot and identify any issues that arise during a shift, or throughout the day. The chart is a useful tool to cut down on the amount of waste and increase efficiency, particularly for companies that have strict production schedules.

A common board analysis is to determine the backgrounds required, the skills and experiences in the board for the company to meet its strategic goals. This can be a difficult task because it requires an in-depth understanding of the company’s present and anticipated needs and an assessment of how well the board is meeting these needs at present.

Another type of evaluation is to determine if the board is operating in a fiduciary manner, ensuring that directors are fulfilling legal and financial obligations and acting in the best interest of the organization. A thorough board analysis will determine if a board is operating at this level. However, many boards struggle to implement a proper board evaluation process.

A board portal platform can be used to gather anonymous feedback and gain insights into the performance of the board based on candor transparency, and authenticity. The platforms can also help reduce costs by eliminating the necessity of paper-based surveys or binding machines, which can be costly when you consider the costs of printing, toner, shipping, and reprints.