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Optimizing Preventive MaintenancePresented by Kate Kerrigan; kerrigank@alliedreliablity.com Operations Director, Allied Reliability Group1My Deliverable Preventive Maintenance (PM) programs are often
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How to fill out useful key performance indicators:

01
Identify the goals and objectives: Determine what you want to achieve and set clear goals and objectives that align with your overall business strategy.
02
Select relevant metrics: Choose the key performance indicators (KPIs) that are most important for measuring progress towards your goals. These metrics should be specific, measurable, and relevant to your business.
03
Set targets: Establish targets or benchmarks for each KPI to have a clear understanding of what success looks like.
04
Collect data: Gather the necessary data to measure each KPI. This may involve analyzing sales figures, survey responses, website traffic, customer feedback, or any other relevant data source.
05
Analyze and interpret data: Use data analysis tools and techniques to evaluate the performance of each KPI. Identify trends, patterns, and areas for improvement.
06
Monitor KPIs regularly: Continuously track and monitor your KPIs to stay informed about your progress and identify any deviations from your targets.
07
Take action: Use the insights gained from analyzing KPIs to make informed decisions and take corrective actions if necessary. This may involve adjusting strategies, reallocating resources, or implementing new initiatives.

Who needs useful key performance indicators?

01
Businesses: KPIs are essential for any business as they help measure performance, identify areas of improvement, and track progress towards goals.
02
Managers and executives: KPIs provide valuable insights that can support decision-making and guide strategic planning at the managerial and executive levels.
03
Employees: KPIs create a sense of accountability and help employees understand how their work contributes to the overall success of the organization.
04
Investors and stakeholders: KPIs provide a transparent and measurable way to assess the financial health and potential growth of a company, making them important for investors and stakeholders.
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Useful key performance indicators (KPIs) are quantifiable measures used to evaluate the success of an organization, employee, project, or any other activity.
Typically, management or stakeholders within an organization are responsible for defining and filing useful key performance indicators.
Useful key performance indicators can be filled out by collecting data, setting specific targets, and regularly monitoring and analyzing progress towards those targets.
The purpose of useful key performance indicators is to provide insight into the performance and effectiveness of various aspects of an organization or activity.
Information such as performance data, trends, targets, and any relevant metrics must be reported on useful key performance indicators.
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