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Key Performance Index

7 replies [Last post]
Mon, 2005-10-31 07:09
Jagadish E M
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Joined: 15 Jan 2005
Posts: 15
Groups: Civil Engineering
Can anyone explain me what is KPI and how do we generate through P3?

Cheers,
Jagadish
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Replies

Mon, 2005-11-07 19:41
#1
Alex Wong
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Joined: 12 Feb 2003
Posts: 874
Groups: TILOS
Hi

I posted earlier in a topic all S-Curve. You can print out a S-Curve with Earned value in P3 easily. See below.

In addition, you can use the EV and PV and Actuals to calculate SPI and CPI, Schdule variance, @ Completion variance in P3 in a schedule format. On top you can also produce a Resource Histogram for major works from P3 as well.

There is a ranges of KPIs reports you can easily obtain in P3. Print some of these out and ask you Project manager select a few and the put some words together each month as a KPI summary report.

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HTH

Alex
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Fri, 2005-11-04 09:56
#2
Neeraj Agarkar
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Joined: 25 Jul 2003
Posts: 61
Groups: None
use spreadsheet for KPI.
KPI as defined by others previously cannot be produced from P3. However, it can give you resource usage, earned value and workdone.

For example you cannot determine a KPI like , Formwork usage ratio. (Price of Shuttering done / cost of Formwork)
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Fri, 2005-11-04 07:16
#3
Jagadish E M
User offline. Last seen 11 years 3 weeks ago. Offline
Joined: 15 Jan 2005
Posts: 15
Groups: Civil Engineering
Thank you all for your replies.

As i am looking to generate a curve for major activities like concrete, BW, Plastering etc..with their early and late dates and compare with my actuals to find out whether my curve is above the early dates or with in early & late dates or else below late dates.

This would at a glance serve my management guys as a tool when they represent client/consultant’s meeting.

now can you throw some light on this subject ? more importantly - how do i generate through P3?

cheers
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Fri, 2005-11-04 01:39
#4
Clive Randall
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Joined: 15 Aug 2005
Posts: 744
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I feel KPIs are generally related to non production activities in the sense that NCRs under quality could be measured, and safety as accident rates etc.
To use KPIs on production seems strange as achivement of programme, trends, and milestones are easier to measure success or failure against.
However the KPI could be a measure of the % of milestones achived on a project or as a Company.
Often the KPIs are set by the client with penalties for non achievement this ensures for example that Contractors comply with the Clients corporate policy on the environment safety etc.
The key I feel is the word KEY ie its not the detail but the overall picture being measured.
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Thu, 2005-11-03 07:49
#5
Renaud Moisan
User offline. Last seen 13 years 50 weeks ago. Offline
Joined: 3 Nov 2005
Posts: 11
Groups: Petro-Chem / Oil & Gas
Hi,


Like it was said KPIs can have different meaning in different industries. To my understanding it is a quantity that can be physical or more like earned value, That will help you follow the progress of part of the scope of your project. You need to choose something you can easily measure, monitor and that is representative of your progress.
It can be a part of your progress measurement or not.

Your profile says you’re in the civil works, my civil experience is limited to mainly foundations. The KPIs we were monitoring were: tons of rebar installed, m3 of concrete pourred.
Basicly it can be anything you see as relevant but you’ll find out that there are "standards" that management is used to and you won’t have much choice.

good luck
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Tue, 2005-11-01 06:51
#6
Gordon Blair
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Joined: 29 Jul 2005
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More specifcially toward the Planning arena, Project KPIs may include Earned Value Indices (Schedule and Cost Performance Indicators).

However, without more specific information about what you’re after, and how your company works, we’re a little bit stuck.
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Tue, 2005-11-01 05:37
#7
Mario Sanvitale
User offline. Last seen 13 years 14 weeks ago. Offline
Joined: 22 Sep 2005
Posts: 139
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Key performance Indicators will vary according to the organisation and sector. To save typing an answer, I got this from this website:-

http://management.about.com/cs/generalmanagement/a/keyperfindic.htm

"Key Performance Indicators are quantifiable measurements, agreed to beforehand, that reflect the critical success factors of an organization. They will differ depending on the organization. A business may have as one of its Key Performance Indicators the percentage of its income that comes from return customers. A school may focus its Key Performance Indicators on graduation rates of its students. A Customer Service Department may have as one of its Key Performance Indicators, in line with overall company KPIs, percentage of customer calls answered in the first minute. A Key Performance Indicators for a social service organization might be number of clients assisted during the year.
Whatever Key Performance Indicators are selected, they must reflect the organization’s goals, they must be key to its success,and they must be quantifiable (measurable). Key Performance Indicators usually are long-term considerations. The definition of what they are and how they are measured do not change often. The goals for a particular Key Performance Indicator may change as the organizations goals change, or as it get closer to achieving a goal."

There’s a lot more on the site!

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