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

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Question added by Raja Meziou
Date Posted: 2013/10/01
wael قرشى
by wael قرشى , sales , شركة حورس لتجارة المعدات والأجهزة الطبية

I'm sorry

what is KPI?

 

Md Jiyaul Abdula
by Md Jiyaul Abdula , Senior Project Accountant , Gate City Trading and Contracting

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                                                                                

 

 

 

 

 

 

Hussam Murad
by Hussam Murad , Managing Director , Block-chain Smart Solutions

 

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

Deleted user
by Deleted user

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.

Tanveer Ahmad Niazi
by Tanveer Ahmad Niazi , CEO (Self-employed) , Project Management Training & Consultant

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

Hamza M Babiker
by Hamza M Babiker , Senior Translator, editor, content writer and media specialist , Freelancer

KPI = Key performance indicators, am I right?

sachin sood
by sachin sood

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.

Irfan Mujahid Shaik Mohammed
by Irfan Mujahid Shaik Mohammed , Senior Project Engineer , Saudi Aramco

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.

 

AJAY AJIT
by AJAY AJIT , Managing Director , Quicksilver Systems & Consulting Pvt. Ltd

Generic Business1 KPI ROCE

Muhammad Rafeeq
by Muhammad Rafeeq , Asst. Finance Manager , Caltrols Fzco

3 Kpi's reflect the financial performances of the company during a certain period.

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