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Also known as KPIs, these are measures of business processes or project characteristics. They provide a monitoring function to evaluate the success of an organization, process, procedure, supplier, etc. Managers often create and use KPIs for a specific project, then retired when the project completes.
MAKE USE OF A PROBABILITY DISTRIBUTION CURVE OF MAINTENANCE KPIS TO SHOW WHETHER YOUR MAINTENANCE PERFORMANCE IMPROVEMENT EFFORTS ARE WORKING. A KPI PROBABILITY DISTRIBUTION CURVE GIVES NEW INSIGHTS INTO YOUR MAINTENANCE PERFORMANCE.
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Using a distribution curve of maintenance KPIs as a new maintenance performance measure was what we recommended to this Maintenance Manager.
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Use a Balanced Scorecard to Ensure the Right Behaviours are embedded in Your Organization.
This post is the third of a miniseries on Key Performance Indicators (KPIs). If you haven’t already, please go back and read the first post on what is a KPI and the second post on leading Vs Lagging KPIs. [Read more…]
This is the second part of a mini series on Key Performance Indicators. If you haven’t already please read the first post of this series on KPIs.
KPIs are often used to measure the past performance of a process, but did you know that they can be used to see into the future and predict the performance of the organization?
KPIs can be used to measure past performance, or predict future performance. This is because there is a cause and effect relationship between leading and lagging KPIs. When a process is measured, it will in turn effect another process which is also being measured, providing insight to future performance. [Read more…]
“What gets measured, gets done” and Key Performance Indicators (KPI) are critical to measuring the performance of the organization and business. So what specifically is a KPI? According to the The Professionals Guide To Maintenance And Reliability Terminology
Key Performance Indicators (KPIs) are measurable values related to essential business objectives.
A KPI provides a means to monitor the performance of a specific function.
In larger organizations, with sales & marketing, research & development, operations, supply chain and other teams working to bring products to market, each department has a specific role. [Read more…]