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Performance indicators differ from business drivers and aims (or goals). A school might consider the failure rate of its students as a key performance indicator which might help the school understand its position in the educational community, whereas a business might consider the percentage of income from returning customers as a potential KPI.
The Higher Education Facilities Officers, APPA, use the FCI as part of their Strategic Assessment Model, and as a key Facilities Performance Indicator. Recommendation #6 in the National Research Council publication entitled "Stewardship of Federal Facilities states that performance indicators should be used to evaulate the effectiveness of ...
Performance: speed at which the Work Center runs as a percentage of its designed speed. Quality: Good Units produced as a percentage of the Total Units Started. It is commonly referred to as the first pass yield (FPY). To calculate the Total Effective Equipment Performance(TEEP), the OEE is multiplied by a fourth component:
Predictive maintenance evaluates the condition of equipment by performing periodic (offline) or continuous (online) equipment condition monitoring.The ultimate goal of the approach is to perform maintenance at a scheduled point in time when the maintenance activity is most cost-effective and before the equipment loses performance within a threshold.
Key performance indicator—a method for choosing important/critical performance measures, usually in an organisational context Performance prism—a second-generation performance measurement framework used by organizations to manage performance by considering the needs and contributions of all stakeholders, not just shareholders and customers.
KPI driven code analysis (KPI = Key Performance Indicator) is a method of analyzing software source code and source code related IT systems to gain insight into business critical aspects of the development of a software system such as team-performance, time-to-market, risk-management, failure-prediction and much more.
Overall labor effectiveness (OLE) is a key performance indicator (KPI) that measures the utilization, performance, and quality of the workforce and its impact on productivity. Similar to overall equipment effectiveness (OEE), OLE measures availability, performance, and quality.
These tools are the reference of whole life cycle building process, so organizations use 'key performance indicators (KPI)' to prove that they are meeting the targets that have been set by senior management. At the same time performance measurement (PM) becomes central to managing organizations, their operations and logistic support.
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