Key Performance Indicators (KPI) for the construction industry
Key Performance Indicators (KPI) for the construction industry
Abstract
You Might be Interested Contracts Engineer Job Description and salary detailsWhat is Project Monitoring, Evaluation and Control? What are the types of KPI? A KPI's worth is based on the actions it motivates. The essential construction KPIs your projects need Although your firm may track a variety of project-related metrics, efficient performance analysis necessitates identifying a small number of critical areas of interest in order to monitor the overall success of the project and the state of the business. Among the crucial KPIs for construction safety are: Quality Rework and adjustments can be minimized by having a better awareness of the overall quality of your projects. Several KPIs for construction performance are listed below: Employees Measuring your employees' growth and satisfaction is just as important for success as tracking their performance, which is essential for any project. You can better understand how to create quotations for future projects once you've seen the numbers for all the prices and expenses on your KPI dashboard. Request for Information - More than 73% of respondents record RFIs and responses for more than half of their projects, yet only 30% compare current projects to former ones to lower risks. Number of accidentsNumber of accidents per supplierActual working days versus available working daysCash balance - Actual versus baselineChange orders - ClientsChange orders - Project managerClient satisfaction - Client-specified criteriaClient satisfaction product - Standard criteriaClient satisfaction service - Standard criteriaCost for constructionCost predictability - ConstructionCost predictability - ConstructionCost predictability; ConstructionCost predictability - DesignCost predictability - Design and construction cost to rectify defectsCustomer satisfaction levelDay to day project completion ratio - Actual versus baselineFatalities.
