What is the minimum number of kpi s you need to run your business?

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what is KPI?

Our Key Performance Indicators help us to measure our progress against each element of our strategy

Measures that matter across industries

1. Banking                                                                          

Customer retention                                                                          

Customer penetration                                                       

Asset quality                                                                                                

Capital adequacy                                                                                 

Assets under management

Loan loss

2. Petroleum

Capital expenditure

Exploration success rate

Refinery utilisation

Refinery capacity

Volume of proven and probable

reserves

 Reserve replacement costs

3. Retail

Capital expenditure

Store portfolio changes

Expected return on new stores

Customer satisfaction

Same store/like-for-like sales

Sales per square foot/metre

Customer retention Capital                                                                            

Customer penetration                                                       

Asset quality                                                                                                

Capital adequacy                                                                                 

Assets under management

Loan loss                                                                                

KPI on the very basic skeleton can be listed in the following areas:

1 - Financial KPIs: Payments cleared as per agreed aging slots, Collection took place as per contracts, Periodic financial reports issued on time, monthly closing took place at the end of each month.

2 - SCM KPIs: Delivery on time, Minimum Inventory threshold, POs placed in respect to suppliers lead time.

3 - HR KPIs: Employee turnover level, Training plan executed, annual360 evaluation, Clear HR policy in place, attendance discipline analysis.

4 - QHSE KPIs: Process and Procedure revisions and updates, internal and external audit plans, compliance rate and corrective action plans, Quality standards, Maintenance and Safety plans.

depends on your organizations goal

Depending on the business, the minimum is zero... :-)

The KPI's are really helpful to give a snapshot of your business performance, but to fully manage my business I prefer scorecards that provice me much more information on all business levels.

Almost everyone said well but I am more satisfied with Sachin Sood, in a construction project I believe there should be at least three

1. Last slab casting
2. Any parameter from finishing works preferably false ceiling closure
3. Any parameter from MEP power on

KPI = Key performance indicators, am I right?

KPI I beleive is for the required job it varies from job to job. For sales person lets say Number of new customers will be one of the KPI, For Hr it will be different so it depends upon the changing business enviornment and for different departments it will be different.

In short as per PMBOK there are3 key areas

1.scope base line

2. Schedule base line

3. Cost base line

These three put together called Performance baseline which mainly decide the KPI of a ProjectEngineer.

If you little detail

The kwy performance indicators for EPC projects is for a Project engineer

1.FEED preparation and submission.

- quality of the package as well as schedule for its preparation

2. Deatil Engineering Package

3. Procurement plan and execution

4.Construction schedule and cost

5.Project close out duration.

Generic Business1 KPI ROCE