How do you calculate maintenance KPI?
The simple KPI formula is: Maintenance Unit cost = Total Maintenance Costs / Standard Units Produced.
What are the 5 key performance indicators?
- 1 – Revenue per client/member (RPC)
- 2 – Average Class Attendance (ACA)
- 3 – Client Retention Rate (CRR)
- 4 – Profit Margin (PM)
- 5 – Average Daily Attendance (ADA)
Which are the best KPIs to track the performance of my maintenance team?
What are the best maintenance KPIs?
- Downtime. …
- Maintenance Backlog. …
- MTBF – Mean Time Between Failures. …
- MTTR – Mean Time To Repair. …
- OEE – Overall Equipment Effectiveness. …
- PMP – Planned Maintenance Percentage. …
- Schedule Compliance/ Planned Maintenance Compliance.
How do you evaluate maintenance performance?
Here are some important maintenance metrics you should track if you want to improve and optimize your maintenance operations.
- Planned maintenance percentage (PPC) …
- Overall Equipment Effectiveness (OEE) …
- Mean time to repair (MTTR) …
- Mean time between failure (MTBF) …
- Preventive maintenance compliance (PMC)
What are KPI examples?
Below are the 15 key management KPI examples:
- Customer Acquisition Cost. Customer Lifetime Value. Customer Satisfaction Score. Sales Target % (Actual/Forecast) …
- Revenue per FTE. Revenue per Customer. Operating Margin. Gross Margin. …
- ROA (Return on Assets) Current Ratio (Assets/Liabilities) Debt to Equity Ratio. Working Capital.
What are the 4 types of performance indicators?
Anyway, the four KPIs that always come out of these workshops are:
- Customer Satisfaction,
- Internal Process Quality,
- Employee Satisfaction, and.
- Financial Performance Index.
What are KPIs examples?
Below are the 15 key management KPI examples:
- Customer Acquisition Cost. Customer Lifetime Value. Customer Satisfaction Score. Sales Target % (Actual/Forecast) …
- Revenue per FTE. Revenue per Customer. Operating Margin. Gross Margin. …
- ROA (Return on Assets) Current Ratio (Assets/Liabilities) Debt to Equity Ratio. Working Capital.
What are KPIs in facilities management?
A key performance indicator (KPI) in facility management is a measurement used to track a team’s progress toward strategic goals. KPIs reveal performance data for specific team members and the department as a whole.
How do you measure maintenance reliability?
Taking the total time to repair the unit and dividing that number by the number of failures produces an average time to repair the unit of 60 minutes. So the MTTR is one hour. MTBF. MTBF is a basic measure of an asset’s reliability.
How do you set KPI targets?
Setting SMART KPIs
- Specific: be clear about what each KPI will measure, and why it’s important.
- Measurable: the KPI must be measurable to a defined standard.
- Achievable: you must be able to deliver on the KPI.
- Relevant: your KPI must measure something that matters and improves performance.
Why KPI's are so important?
- KPIs should be used to align staff to the organization’s critical success factors and will show 24/7, daily or weekly how teams are performing. They are too important to be manipulated by individuals and teams to maximize bonuses.
How to develop KPIs?
- 1. Describe the Intended Results. Meaningful measures require clear intended results. Strategy tends to be written in the form of abstract ideals.
- 2. Understand Alternative Measures.
- 3. Select the Right Measure (s) for Each Objective.
- 4. Define Composite Indices as Needed.
- 5. Set Targets and Thresholds.
What is the history of KPI's?
- The KPI Institute was established in 2004, in Melbourne, Australia. At that time called eab group, it was designed as a provider of organizational performance management services in Australia, supporting clients mainly through training and advisory services.
What does KPI stand for in business terms?
- KPI stands for ‘Key Performance Indicator’. It is a term that has been around in business for many years and has become more popular in the last decade. The term is used when discussing targets in business. For example, a KPI would be sales, and to achieve £xm next month.
