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Reliability and Asset Management

Posts Tagged ‘KPI’

Traits of Good Key Performance Indicators (KPIs)

Thursday, May 5th, 2011 | Asset Management | 8 Comments

1.  Objective – provides an unbiased appraisal of a given condition or attribute
2.  Countable/Measurable – can be trended objectively with time.
3.  Controllable – assigned to the group that can direct the outcome of the condition being measured.
4.  Meaningful – Reflect a condition that has a true impact on performance of the process

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