KPI of the Day – Project Management: % Project budget overruns rate
Definition
Measures the actual cost of the projects relative to the initial estimation of costs.
KPI of the Day – Utilities: # Power plant load factor
Definition
Measures the ratio of the total power generated (MWh) to the operating capacity over a designated period of time.
Using meaningful KPIs for measuring performance
Have a look at your indicators that you use now – for targets setting and measurement. Is what you measure the right thing to measure? Do you measure something meaningful for your organization?
The relationship between employee engagement and job satisfaction
Modern theoreticians define engagement as being the degree in which employee values are consistent with the mission, vision and values of the company. Engagement consists of dimensions such as job involvement, employee satisfaction, enthusiasm and the consensus between the company’s organizational culture and employee behavior.
Advice on KPI selection
KPI selection is a process which seems simple, yet is inherently complex, due to the interdependencies involved. Here are 15 things to consider before embarking on this journey.
