SOR 505 Balancing KPIs
Abstract
James discusses the importance of balancing key performance indicators
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by James Kovacevic Leave a Comment
James discusses the importance of balancing key performance indicators
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by James Kovacevic Leave a Comment
What does a KPI mean to you? Is it just a performance measurement tool to you? Is it a metrics that you have developed to see how your systems are doing? A KPI is all of these things but much more than that. A KPI is an organizational goal that you have to achieve. When you have smaller key performance Influencer in place to drive people’s behavior towards achieving a larger organizational goal, that’s when a KPI becomes effective. So, we are using our key performance influencers—any incentives or benefits that would keep the employees motivated—to achieve our performance goals on a day to day basis which ultimately leads to achieving all the KPIs an organizations might have set in.
In this episode, we covered:
by James Kovacevic Leave a Comment
Whenever we talk about successful business practices, planning and scheduling remains a key element. Not only it helps you track performance but it also helps you build on the initial layout later on. Through performance management, you will know what’s going on inside an activity and process. Now, performance management is the combination of systems that are responsible for achieving the goals of the organization. These may include accountability, assessment, and measurement techniques that are used in the organization. On the lower level, metrics are being used to measure performance.
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How often to you find people duplicating work, or work not being completed? What about tasks being started by one person, to be completed by another?
As organizations continue to do more with less, ensuring everyone is on the same page and pulling their weight becomes increasing important. The lines of communications, expectations, and alignment on achieving the vision of the organization are critical to the success of a maintenance department.
Often most people are put into positions without fully knowing what they are responsible for and accountable for.
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