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The FCI is a relative indicator of condition, and should be tracked over time to maximize its benefit. It is advantageous to define condition ratings based on ranges of the FCI. Managing the Facilities Portfolio provided a set of ratings: good (under 0.05), fair (0.05 to 0.10), and poor (over 0.10) based on evaluating data from various clients ...
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.
Analysis of production performance, product quality, process capacity and control compliance. Provide Key Performance Indicator (KPI) to improve decision-making processes; Reporting for decision support and documentation; Consolidation of data from different sources (Enterprise Resource Planning (ERP), Laboratory, Distributed Control System ...
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.
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.
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