KPI of the Day – Project Management: # Project delay
Definition
Measures the total delay of the project by summing the delays registered in each of the stages of project implementation.
Posts Tagged ‘KPI’
KPI of the Day – Project Management: # Project managers to staff ratio
Definition
Measures the ratio of the project managers assigned to supervise and manage projects relative to the project staff involved in running projects.
KPI of the Day – Project Management: % Project budget variance
Definition
Measures the deviation between the actual and planned project cost upon completion.
KPI of the Day – Logistics: $ Penalties cost due to unsatisfied demand
Definition
Measures the penalties value generated by the inability to satisfying demand.
15 bits of advice on KPI documentation and configuration
When we talk about configuring KPIs,what we mean is that after you select the ones you think are right, you create a comprehensive documentation of each and every relevant set of details for each KPI and activate them, so that the data these indicators collect will be easily reported on and analyzed.
In order to get a grasp on how the processes of KPI documentation and configuration work, we have 15 tips for you to keep in mind at all times.
1. Link KPIs – upstream with business objectives and downstream with organizational initiatives.
KPIs should be connected to organizational objective as they make objectives SMART. Initiatives should be establish to support the achievement of objectives by improving KPI results.
