Construction, 20 metrics & KPI
Before dashboard creation, it’s important to define metrics and key performance indicators (KPI). Which of them will you use into your dashboard? This choice depends on your function, your strategy and your market. Difference between metric and KPI is objective. A KPI is a metric with an objective, a status and one or more trend(s).
You can use these metrics and KPI for strategical, tactical or operational dashboard. Context and filter will define the level. Be sure to develop your dashboard according on your organizational strategy and with business team, construction analysts and construction managers.
There are others metrics and KPIs for construction. I’m listing some KPIs that I often implement for my clients.
Construction Metrics and KPI list
I propose to present 20 metrics and KPI for the construction (warning: average have to be analyzed with standard deviation. You replace average by median):
Number of accidents per supplier
Cost predictability: Construction
Cost predictability: Design
Day-to-day project completion ratio: actual versus baseline fatalities
Labor cost: actual versus baseline
Number of defects
Percentage of equipment downtime
Percentage of labor downtime
Percentage of backlogs over project timeline
Percentage of unapproved change orders
Profit margin over project timeline
Reportable accidents (including fatalities)
Reportable accidents (non-fatal)
Return on investment (client)
Time predictability: Construction
Time predictability: Construction (client change orders)
Time predictability: Construction (project leader change orders)
Time predictability: Design
Time to rectify defects
To calculate these metrics and KPI you need to have access to your data: management system, payroll and HR system, accounting system, CRM and ERP system.
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