Tag: KPI

Key performance indicators (KPIs) are critical to ensuring a project team has the performance data it needs to sustain improvements. With KPIs, a team can evaluate the success of a project against its established goals. Types of Metrics There are two types of metrics to consider when selecting KPIs for a project: outcome metrics and […]

In the fourth quarter of 2010, Fairbanks Morse Engine had to swallow a tough message from its customers: You are too slow and we are not going to take it anymore! After an extensive voice of the customer (VOC) effort, it was clear that our lead times for aftermarket parts were missing customers’ expectations. Although […]

If senior management teams were omnipotent then all decisions would be perfect, market share would increase, sales would spike, profitability would skyrocket and employee morale would be unparalleled. Unfortunately, the reality is that even the most sophisticated company rarely knows its financial position until the end of the month. Even then the metrics that determine […]

With the deployment of Six Sigma many organizations ask themselves various questions: What is critical to my customers? What is critical to the bottom line? How do I get a handle on these processes and assure their performance? What should my newly trained Black Belts attack? Without the methodology to pursue the answers, the pressure […]

Undertaking a process reengineering initiative without a business intelligence team introduces a significant risk to the project’s success. Business intelligence refers to technologies and practices for the collection, integration, analysis and presentation of business information; sometimes, it also refers to the information itself. The purpose of business intelligence is to support better business decision-making, especially […]